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Cyprus

Nothing wrong in land zoning case, developer says

A real estate developing company whose boss is awaiting trial in connection with a suspicious land zoning case in Paphos said on Wednesday the company did nothing wrong.

“There is no offence, we trust justice and our values remain unwavering,” Aristo Developers said.

Prominent developer Theodoros 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.

It emerged that the plans for which the demarcation permits were issued were switched with new plans, which seemed to cede approximately 3,000 square metres, worth hundreds of thousands of euro, previously designated as green space, back to Aristo Developers.

“Our position was clear from the onset and remains the same: there is no illegality,” Aristo said.

The procedure was ongoing and continuously changed and final approval had not been issued, the company said.

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

The trial starts on November 14.


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