Cyprus Mail
Cyprus

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.


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