Cyprus Mail
Cyprus

Justice minister defends pace of economy collapse investigation

Justice Minister Ionas Nicolaou (CNA)

There has been no political pressure on Cyprus to halt the investigation into the collapse of the economy, Justice Minister Ionas Nicolaou said on Monday, responding to opposition criticism.
Earlier on Monday, DIKO chairman Nicolas Papadopoulos suggested that authorities were dragging their feet and questioned why former Laiki strongman Andreas Vgenopoulos had not yet been questioned.
Vgenopoulos is widely held responsible for the collapse of the island’s banking system.
“DIKO chairman Nicolas Papadopoulos’ statements today … can only cause surprise, especially when the determination of this government has been shown in practice to investigate the collapse of the economy, and the banks, including Laiki,” Nicolaou said in a written statement.
The minister said Papadopoulos knew well that bringing cases before court was the work of the Legal Service and all investigations were conducted by the police under its instruction where necessary.
Taking statements from implicated individuals was decided by the Legal Service after it had collected the necessary evidence.
Request to other countries for assistance were by nature time consuming, the minister said.

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