Cyprus Mail
Cyprus

CyTA chairman resigns

Kittis outside the presidential palace on Friday (Photo Christos Theodorides)

State telecommunications company chairman Stathis Kittis, implicated in a suspicious land deal involving the organisation’s pension fund, resigned on Friday saying his conscience was clear.

Kittis submitted his resignation to President Nicos Anastasiades early on Friday morning.

Speaking to reporters outside the presidential palace, Kittis said he felt sad but his conscience was clear.

“I think I have nothing to hide; I was always an open book,” he said.

Kittis had been detained for some 10 days in connection with allegations that he had received hundreds of thousands in kickbacks in a land deal in Larnaca involving the CyTA’s pension fund.

He remains a suspect.

The deal in question involved the purchase by the pension fund of office space near Larnaca airport at a price reportedly several times the going market value.

 

 

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