Cyprus Mail
Business Cyprus

Five former BoC officials to face justice

Attorney-general Costas Clerides has decided to file criminal prosecutions against five former Bank of Cyprus (BoC) officials and the bank itself, as part of a broader probe into the causes of last year’s bank meltdown.

Those to be indicted as former CEO Andreas Eliades, his successor Yiannis Kypri, former board chairman Theodoros Aristodemou, former vice chairman of the board Andreas Artemi, and former first deputy CEO Yiannis Pehlivanidis, in charge of the bank’s Greece operations.

As well as the above, the bank itself will be indicted as a legal entity.

The decision was reached on Wednesday during a meeting between Clerides, deputy AG Riccos Erotocritou, lawyers from the AG office and the police team in charge of the criminal investigation.

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