Cyprus Mail
Cyprus

Greek bankers will appear in Laiki trial

Two former Greek bankers whose arrest was sought after they failed to appear before a Cypriot court, said on Monday they will be present at the May 11 hearing after Greece’s authorities ordered their extradition last week.
Former Laiki Bank board members Efthymios Bouloutas and Markos Foros, will be extradited to Cyprus where they face charges relating to mismanagement at the failed lender.
In a statement issued on Monday, the pair claimed they did nothing wrong. They added that they disagreed with the decision to hand them over to Cyprus but they will respect it nevertheless.
“We express our disappointment over the conditions that the particular decision had been taken,” they said.
Cypriot authorities issued European arrest warrants for Bouloutas and Foros in February, after they failed to appear before court at the inaugural hearing of the case.
The Nicosia district court had convened to rule on whether to refer the case to the criminal court.
The other two defendants, Panayiotis Kounnis and Neoclis Lysandrou, also former board members, were in court.
The four men are accused of having conspired to mislead investors through public statements and inaccurate account reporting in 2011.

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