The chairman of state telecoms company CyTA was remanded in custody for eight days on Wednesday, along with two other suspects, in connection with a dodgy land deal in Larnaca involving the organisation’s pension fund.
Stathis Kittis allegedly received €300,000 in kickbacks while the other two suspects, CyTA employee Yiannis Souroullas and his brother Gregoris, a land registry worker, were allegedly linked to a company that also received thousands of euros.
According to reports, the court also heard that kickbacks were given to a party MP.
Some €230,000 also went to the Larnaca district committee of former ruling party AKEL, reports said.
Authorities are seeking a fourth suspect, CyTA union representative Orestis Vassiliou, who is said to be abroad.
The land deal in question involved the purchase by CyTA’s pension fund of office space near Larnaca airport at a price reportedly several times the going market value.
Allegations have surfaced that millions were paid in kickbacks to make the deal possible.
Prosecutors have already charged businessman Nicos Lillis and two police officers, Costas Miamiliotis and Lefteris Mouskou, in connection with the case.
They were arrested in late August.
They face 19 charges in total, primarily conspiracy to defraud, corruption, engaging in fraudulent transactions on real estate property belonging to a third person, corrupting a public functionary, bribery, and legitimising ill-gotten gains.
The Larnaca criminal court will begin hearing the case on October 2.