Eco­nomic col­lapse in­ves­ti­ga­tions pro­gress­ing

Financial Mirror (Cyprus) - - FRONT PAGE -

In­ves­ti­ga­tions into the col­lapse of the econ­omy are pro­gress­ing steadily in a way that could be held up in court, Jus­tice and Pub­lic Or­der Min­is­ter Ionas Ni­co­laou said.

“In­ves­ti­ga­tions are pro­gress­ing steadily in or­der to be fully com­pleted in a way that could be sub­stan­ti­ated in the courts”, he said as­sur­ing that upon com­ple­tion, the cases will be for­warded for reg­is­tra­tion in the court, as in the case con­cern­ing ex-Laiki bank. He also said that more cases are ex­pected to fol­low soon.

He added that in co­op­er­a­tion with the At­tor­ney Gen­eral, de­fen­dants abroad will be served a court or­der and in the event some of them fail to ap­pear in Cyprus, they will take all nec­es­sary mea­sures, in­clud­ing the is­suance of Euro­pean Ar­rest War­rant.

On Mon­day, the At­tor­ney Gen­eral’s of­fice filed be­fore Ni­cosia Dis­trict Court the first crim­i­nal case against Laiki Bank, the is­land’s sec­ond big­gest lender which col­lapsed in March 2013.

Ac­cord­ing to Po­lice Spokesman Andreas An­gelides, the pros­e­cu­tion re­lates to of­fenses against the law on mar­ket ma­nip­u­la­tion, false, mis­lead­ing state­ments con­spir­acy to com­mit felony and keep­ing false ac­counts.

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