Cyprus Mail
CyprusCyprus Talks

Turkish Cypriot pensioner cheated out of €4 million

TWO BUSINESSMEN and a lawyer are facing trial at the Larnaca Criminal Court in connection with the theft of almost €4 million from an 83-year-old Turkish Cypriot woman.

Businessmen Giorgos Kypris and Christos Yeranis, and lawyer Mamas Hadjichristofi face charges of conspiracy to commit a crime, theft, receiving stolen goods, money laundering, and the unauthorised drafting of documents.

The accused allegedly appropriated €3,850,400 from the 83-year-old woman. The money is allegedly part of the sum paid to her after she settled with the state on the expropriation of her land in Kato Polemidhia where a refugee estate has been built.

On March 31, 2011, the Central Bank issued the Turkish Cypriot woman with a cheque for close to €7 million in compensation for the expropriation of 37 donums of land.

The three men in question were involved in the transaction, working on behalf of the 83-year-old as administrators or guarantors.

However, when her son checked, only €2,850,000 was left in the bank account where the expropriation money had been placed.

All three pleaded not guilty yesterday. The trial date has been set for October 22.

Related Posts

Coronavirus: Masks, tests for schools in draft roadmap

Gina Agapiou

Unprecedented rise in dog abandonments this year

Swimmer in critical condition after he was found unconscious in sea

Gina Agapiou

Police investigate car arson in Limassol

Staff Reporter

Drink driver caught with suspended driving licence

Staff Reporter

Events at Limassol Agora entertain old and young

Eleni Philippou


Comments are closed.