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Cyprus

Dromolaxia trial postponed till May

The Cyta pension fund was involved in Dromolaxia scandal

By Constantinos Psillides

The trial of two Cyprus Intelligence Service (ΚΥP) officers accused of accepting bribes from businessman Nicos Lillis to assist with a land scam in Dromolaxia, was adjourned until May 8 by the Larnaca District Court on Tuesday.

Defence lawyer for officers Costas Miamiliotis and Lefteris Mouskos requested more time to go over the case material, explaining that they didn’t receive all of it from the police.

The land scam involved the illegal purchase by the CyTA Pension Fund of Turkish Cypriot property in Dromolaxia, Larnaca, and the construction of an office-space complex at an inflated price.

The two officers are accused of drafting a false report that showed the Turkish Cypriot owner of the land resided in the government controlled areas, allowing Lillis to go through with purchasing the land.

The land was initially sold to a company by the name of Wadnic Trading, which upgraded the coefficients, built on it and sold it on to the CyTA pension fund for some €20 million. After the story broke, the businessman turned prosecution witness.

Earlier this year, the Larnaca Assize court sentenced ex-CyTA boss Stathis Kittis to eight years in prison for his involvement in the scam, former EAC boss and former CyTA board member Charalambos Tsouris to three years, trade union representative and Cytavision director Orestis Vasiliou to nine years, land registry official Gregoris Souroullas to six and a half years, and high ranking AKEL member Venizelos Zanettos to three and a half years.

Kittis was found guilty of having received €300,000 from Lillis to arrange for the project to be funded by CyTA’s pension fund; Vasiliou was found guilty of having extorted €200,000 from Lillis in exchange for not raising employee resistance to the investment; and Vasiliou and Souroullas were deemed guilty of having been paid €250,000 to ensure the project ran smoothly. All were ordered to return these funds in cash.



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