Cyprus Mail

Re-remand for hoax text suspect

By Constantinos Psillides

The 35-year-old hoax text suspect who almost caused a panic among ban depositors had been remanded by the Nicosia District Court for an additional four days after police requested more time to gather evidence.

The man was arrested on Friday night, after police officers found that the mass hoax texts sent out originated from his home IP address.

The 35-year-old denies all charges and refuses to cooperate with authorities, according to the report.

Police discovered that roughly 4,000 texts went out from 10.12am to 10.25am on Friday September 5, warning of another haircut and also the imminent collapse of the Bank of Cyprus. According to the report all texts were charged to a pre-paid card and originated from the 35-year-old’s home IP address.

The hoax message put authorities in panic mode, since it could have prompted a bank run. Chairwoman of the Cyprus Securities and Exchange Commission (CySEC) Demetra Kalogirou –who was supposedly the originator of the message – filed a complaint with the police on Friday.

The message even prompted a reaction from President Nicos Anastasiades, who declared it a “despicable and criminal act. No one plays games with his country’s economy,” he said on Friday.

The text message supposedly from Kalogirou to a friend, read: “Georgia, we have just finished the meeting, things are looking very bad, rush to withdraw your money from the Bank of Cyprus. We are heading straight towards a haircut or perhaps closing the bank. From D. Kalogirou. CALL 80001088 TO STOP.”





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