An MP has formally requested parliament to follow up on the issue of what, if any, prosecutions have been brought in relation to the 2013 financial meltdown, reports said on Monday.

Independent MP Alexandra Attalides has asked the House ethics committee to table the matter for discussion at the next committee session this week.

As she points out in her motion, up until today there have been no convictions nor any updates on these cases.

“As such, it is deemed necessary to discuss this matter, so that parliament can learn at what stage is the assignment of liability for the greatest catastrophe befalling the Cypriot economy after the Turkish invasion of 1974.”

The MP cites the findings of a committee of inquiry, published in September 2013. That panel was chaired by former supreme court judge Giorgos Pikis; its two other members were former supreme court judge Andreas Kramvis and former ombudswoman Iliana Nicolaou.

The last update parliamentarians got on the status of criminal prosecutions was during a closed-doors briefing on October 18, 2017.

There, then attorney-general Costas Clerides and a senior police officer told MPs that criminal investigations were underway on eight different cases.

First, the case relating to Bank of Cyprus’ buyout in 2008 of Russian lender Uniastrum, and involving allegations of illegal payments and bribes worth €50 million made to five persons in Cyprus. The amounts were funneled into accounts via an offshore company registered in the Caribbean.

Secondly, the mass deletion of data from the computers of senior cadres of Bank of Cyprus. The deleted information pertained to the purchase of Greek government bonds. Investigations at the time found data-deletion software installed on the computers. The software was not sanctioned by the bank.

Thirdly, the granting of loans to Politically Exposed Persons and to associated companies, amounting to hundreds of millions of euro. The loans were on favourable terms and without the necessary collateral.

Next, the generous bonuses paid to Bank of Cyprus and Laiki (Popular) Bank cadres from 2006 to 2010. At the Bank of Cyprus, these bonuses came to €6.8 million; at Laiki the number was far higher.

Another case related to suspected market manipulation done via Banca Transilvania, a Romanian lender, and Germany’s Commerzbank.

The billions in Emergency Liquidity Assistance (ELA) given to Laiki Bank was another case. Yet another case concerned bank securities.

Finally, the outflow of deposits from Bank of Cyprus and Laiki during the ‘closed period’ of March 16 to March 27, 2013, amid the banking meltdown. Even though the banks were closed for business, hundreds of millions of euro were transferred abroad by bankers and politicians – thus evading the ‘haircut’.