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Cyprus

Investigation Committee on Economy delivers its report

The Investigation Committee probing Cyprus’ economic debacle delivered its report to the presidential palace on Saturday.

President of the Committee, George Pikis, handed the report over to Secretary of the Council of Ministers, Theodosis Tsiolas, who is expected to deliver it to President Nicos Anastasiades, on his return to Cyprus from the US.

The testimonies of key witnesses as well as the findings of the Committee are analysed in the 280 page report.

In statements following the delivery of the report, Pikis said the position of the Committee was that the report should be made public, noting however this was for the Cabinet to decide.

He also said that the report was accompanied by a letter addressed to the Cabinet.

The Investigation Committee appointed in March by the Cabinet to probe into possible civil, criminal or political liabilities concerning developments in Cyprus’ economy and banking sector is chaired by Pikis, a former Supreme Court President and former member of the International Court of Justice in The Hague. Two more members include Supreme Court Judge Andreas Kramvis and former Cyprus Ombudsman and former judge Eliana Nicolaou.

 

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