Cyprus Mail
Cyprus Property

Aristo land case trial postponed

Aristo boss Theodoros Aristodemou

The start of the trial into a suspicious land zoning case in Paphos, involving prominent developer Theodoros Aristodemou, was on Thursday postponed for November 14 to give defendants time to study the evidence before responding to the charges.

Aristodemou -founder of Aristo Developers- his wife Roulla, company designer Christos Solomonides, and former Paphos municipality engineer Savvakis Savva were arrested in September in connection with forgery and fraud in the demarcation of 177 plots of land in the area of Skali.

Defence lawyers requested a continuance because, as they said, they have not yet received all the evidence.

Prosecutors did not object to the request.

Judge Dora Socratous rescheduled the hearing for November 14 at 9am.

The defendants are free on bail, set at €100,000. They will have to report to police once a week.

The four are suspected of falsifying the development plans that showed reduced green areas and a road network in order to allow Aristo a larger area for development.

The excess development area meant a gain of some 2,700 square metres and hundreds of thousands in profit for Aristo.

The alleged crimes are believed to have been committed between February 3, 2010, and December 28, 2011.



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