Authorities here were reportedly set to issue a new warrant for the arrest of Leonidas Bobolas, the CEO of Helector, the company embroiled in the waste management scandal.
Cyprus has asked Greece to extradite Bobolas, a Greek national facing charges of conspiracy to commit a criminal offence, bribing a public official and money laundering.
Citing its sources, daily Politis reported that Cypriot authorities were about to cancel the first European arrest warrant for Bobolas and issue a new warrant updated with new evidence against the businessman.
The new warrant was expected to be immediately forwarded to Greece.
Greek judicial authorities will be ruling on the Cypriot extradition on May 6.
Bobolas is fighting the extradition, arguing that if he has committed any offences – which he denies – these were committed in Greece, not Cyprus.
Interviewed previously by Cypriot police, Helector executives have alleged that no bribes were handed out without Bobolas’ express knowledge and instructions.
Bobolas holds a 15 per cent stake in Ellaktor, a conglomerate of which Helector is a subsidiary.
The case relates to allegations that Helector, the operator of two landfills – one at Marathounda, Paphos, the other at Koshi, Larnaca – overcharged municipalities while public officials skimming off the top turned a blind eye.
The case will be heard at the Nicosia criminal court on June 15. So far12 persons have been indicted, and three more individuals are expected to be added to the charge sheet.
Assuming Greece agrees to extradite Bobolas, and assuming he is later indicted here, the businessman could stand trial come June.