Cyprus Mail

Former president won’t appear before House over fund

Parliament will look into the former president’s solidarity fund, but Demetris Christofias will not have to appear before the Watchdog Committee, House President Yiannakis Omirou said on Thursday.

Omirou said the majority of parties decided that Chistofias will not be summoned before the committee to explain how the fund worked.

Green party MP Giorgos Perdikis disagreed with the decision.

Recent reports said that through the fund, the former president handed out around €522,000 – mostly in cheques worth €1,000 each – “to poor fellow humans” just before the last presidential elections.

The cabinet had set up the fund on April 23, 2008, also chipping in the first €10,000.

Businessman Nicos Shacolas contributed €330,000, the Russian Commercial Bank gave €100,000, and Nicolas Treppidis an additional €100,000.

An anonymous individual paid €2,000 into the fund, Kimonas Developments Ltd, also gave €2,000 and Hariton Stamatiou, €7,985.

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