Cyprus Mail

KYP report ‘was changed’ to allow CyTA land deal

The committee investigating the CyTA land sale

By George Psyllides

THE SECRET service (KYP) will be investigated to determine whether it falsified a report used to facilitate a €22 million real estate deal involving the state telecoms company (CyTA), Justice Minister Ionas Nicolaou said on Wednesday.

“The report is being disputed today before the investigating committee and you understand that we cannot overlook this,” Nicolaou said.

A three-member investigating committee has been set up to look into the deal after the present interior minister suggested that the whole procedure, which also involved the previous administration, had been improper.

The land, in Dromolaxia, Larnaca, originally belonged to a Turkish Cypriot before it was sold to a Greek Cypriot businessman in 2011.

After the coefficients were upgraded, it was acquired by the CyTA pension fund for around €22 million.

Interior Minister Socratis Hasikos had said that the procedure was done at the “speed of light.”

The minister also charged that CyTA chose the plot over an adjacent one that was cheaper – by around €4.0 million – bigger, and had all the necessary permits and building coefficients.

To be able to sell the land, the 80-year-old Turkish Cypriot, must have been a resident of the government-controlled areas for at least six months.

DISY MP Giorgos Georgiou, chairman of the House Watchdog Committee, told investigators yesterday that KYP initially wrote a report saying the Turkish Cypriot did not live in the south, thus the cabinet could not approve the sale.

However, according to Georgiou, KYP was later forced to change its report to enable the sale.

The new report said the man had been living and working in the south for over six months.

The report was presented to the cabinet by former Interior Minister Neoclis Sylikiotis.



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