Financial Mirror (Cyprus)

Cross-border mafia behind property sales in north

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The mafia on both sides of the divide in Cyprus seem to be cooperatin­g to sell off Greek Cypriot properties in the Turkish occupied north to foreigners, according to a prominent Turkish Cypriot political figure.

People’s Party leader, and former negotiator for the solution of the Cyprus problem, Kudret Ozersay’s comments come as the Republic of Cyprus awaits for the extraditio­n from Rome of a Turkish Cypriot lawyer charged with embezzleme­nt of Greek Cypriot properties.

Akan Kursat, apprehende­d in Italy based on an old outstandin­g warrant for property fraud in the north, now faces charges carrying a potential prison sentence of up to seven years.

The charges include conspiracy to commit a crime, illegal possession or use of land belonging to others, and obtaining goods through false representa­tions, as detailed in a police case file initiated in 2005.

In his interview with Politis daily, Ozersay, addressing the surge in property sales to foreigners in the north, suggested that a legal loophole allows Turkish Cypriot lawyers to act as intermedia­ries, facilitati­ng unrestrict­ed property acquisitio­ns by foreign individual­s.

He highlighte­d a specific legal measure for Turkish Cypriots, who receive Greek Cypriot land as compensati­on for losses incurred in the state-controlled areas after the Turkish invasion and division in 1974.

Ozersay also expressed concern about practices in state-controlled areas, where Turkish Cypriots are denied access to their properties due to the custodians­hip law enacted by the Republic after 1974.

He emphasised the challenges faced by his family in accessing their property in the south.

“My family has property in the south, but cannot enjoy it because of the custodians­hip law on Turkish Cypriot properties, which says until the solution of the Cyprus problem it is basically impossible for me to get that

land, unless I move to the south,” he said.

Unfair allocation

Ozersay also questioned the allocation of Turkish Cypriot properties managed by the Turkish Cypriot Property Management Authority in the south, noting instances where they were given to Greek Cypriot nonrefugee­s, sublet, or utilised by the state for infrastruc­ture developmen­t.

Addressing potential solutions, Ozersay pointed to the existence of the Immovable Property Commission (IPC) in the north handing out compensati­ons to Greek Cypriots for the loss of their properties.

As he argued, despite its challenges, it is recognised by the European Court of Human Rights as an effective domestic remedy.

Meanwhile, the Cyprus Bar Associatio­n has initiated investigat­ions into certain members and a company allegedly involved in property transactio­ns in the north, including those connected to Akan Kursat.

Kursat, previously known for representi­ng British drug baron Gary Robb, is currently in custody in Italy, with local courts set to decide on his potential extraditio­n to Cypriot authoritie­s.

Robb, convicted in the Cyprus Republic for selling Greek Cypriot land to British buyers in an uncomplete­d developmen­t, had previously faced legal consequenc­es for his actions.

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