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Cyprus

State accountant said nothing untoward in withdrawal of €1.5m from Greek bank

The Accountant-general said on Friday that it was normal accounting practice to withdraw and deposit money abroad after the Cypriot ambassador to Greece complained that €1.5m had been withdrawn from a Greek bank.

The ambassador, Kyriacos Kenevezos, had complained, according to Phileleftheros, that the Cyprus Treasury should not be taking money out of Greece when the country was facing an unprecedented crisis. The move, according to the paper had rattled the Greek government.

But in a statement, the Treasury said it was normal practice. It said that for each embassy abroad, two separate accounts are kept – one for the expenses of the embassy and the other for collected state revenues abroad such as consular income.

“With regard to the revenue accounts, the Treasury of the Republic follows the practice of regularly transferring the amounts collected in these accounts,” the statement said. “It is a common practice followed.”

Likewise the expense accounts of embassies are replenished by bank transfers from the Treasury, usually on a monthly basis according to the needs of the embassies.

 

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