Cyprus Mail

AG confirms investigation into former Co-op boss and others

Former CEO Nicolas Hadjiyiannis testifying last week before the co-op inquiry

Attorney-general Costas Clerides confirmed on Wednesday he had ordered an investigation into the Co-op Bank’s former CEO Nicolas Hadjiyiannis and other senior officials over their refusal to hand over loan information to the financial ombudsman.

Speaking in parliament, Clerides confirmed a report in daily Phileleftheros that he had ordered a probe after a complaint filed by Pavlos Ioannou over the co-op’s refusal to hand over information concerning refugee loans.

“Although I don’t usually discuss and give information about cases that are simply being investigated, since I understand this has become public, I could not deny it,” he said.

The paper said Ioannou reported Hadjiyiannis and other senior co-op officials of repeatedly refusing to provide information on certain loans the ombudsman was looking into after complaints from borrowers.

According to the report, Hadjiyiannis especially had refused repeatedly to respond to the verbal appeals of the ombudsman who was forced to close the cases because he could not investigate them properly.

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