Posts tagged with "Focus"

Vgenopoulos paid former CB chief €1m, witness tells court (updated) Cyprus

Vgenopoulos paid former CB chief €1m, witness tells court (updated)

April 2nd, 20192934 A witness in the corruption trial involving former central bank governor Christodoulos Christodoulou told a court on Tuesday a €1m payment to the top banker was made by late financier Andreas Vgenopoulos through a third party. “After what Andreas Vgenopoulos told me I became aware later on that Christodoulos Christodoulou used me...
Focus case defendant turns prosecution witness (updated) Cyprus

Focus case defendant turns prosecution witness (updated)

March 19th, 20191619 Attorney-general Costas Clerides has dropped charges against a defendant, after he turned state’s evidence, in the corruption trial relating to the alleged bribery of a former central bank governor in exchange for his collusion in the takeover of Laiki Bank in 2006. Prosecutors told the court on Tuesday that Andreas Kizourides, the...
Ex CBC boss denies knowing Greek businessman Cyprus

Ex CBC boss denies knowing Greek businessman

March 14th, 20191375 The former central bank governor had denied knowing a Greek businessman who paid him €1m supposedly for consultancy services in 2007, a court heard on Thursday in the corruption trial involving the disgraced top banker. Christodoulos Christodoulou is on trial for allegedly accepting the cash in exchange for agreeing to the 2006...
Focus corruption case headed back to court Cyprus

Focus corruption case headed back to court

December 20th, 20183832 THE trial proper in the Focus corruption case is to proceed again, after the Supreme Court rejected the latest motions filed by various defendants. To date, three trials within a trial have taken place in the start-stop case, which relates to the alleged bribery of a former central bank governor in exchange for his collusion in the...
Nicosia court to issue Focus decision on August 6 Cyprus

Nicosia court to issue Focus decision on August 6

July 3rd, 20181367 The Nicosia criminal court will issue its decision on August 6 on whether it will allow submission of a number of exhibits in a corruption trial involving former Central Bank governor Christodoulos Christodoulou. The evidence in question relates to Greek national Michalis Zolotas, owner of Focus Maritime Corp and a key defendant in...
Trial within a trial begins in Focus hearing Cyprus

Trial within a trial begins in Focus hearing

June 12th, 20181267 A trial within a trial began on Wednesday at Nicosia criminal court, examining the admissibility of evidence the state prosecution intends to introduce in the Focus corruption case. The defence had earlier argued that evidence obtained from Greece by Cypriot authorities was not acquired lawfully via the mutual judicial assistance...
Focus corruption case ‘back to square one’ Cyprus

Focus corruption case ‘back to square one’

June 11th, 20181792 The Nicosia criminal court hearing the Focus corruption case decided on Monday that a trial within a trial should be held to determine the admissibility of evidence which prosecutors want to introduce. The ruling means further delays in the case which has been bogged down in one pre-trial objection after another since hearings began...
Ex central bank boss without lawyer in court Cyprus

Ex central bank boss without lawyer in court

March 7th, 20182523 By Evie Andreou Former Central Bank governor Christodoulos Christodoulou who is a defendant in the Focus corruption case is expected to file a request to Nicosia Criminal Court to be given time to find another counsel as his lawyer, Savvas Angelides, resigned after assuming duties as the new defence minister. Christodoulou is to...
Zolotas to be tried along with others in Focus case Cyprus

Zolotas to be tried along with others in Focus case

January 11th, 20183124 In an interim ruling on Thursday the Nicosia criminal court said Greek businessman Michalis Zolotas would be tried along with the other defendants in the case involving the alleged bribery of the former head of the Central Bank. Zolotas’ lawyers had earlier filed a motion for their client to be tried separately from the rest of the...
Christododoulou's daughter and ex deny charges Cyprus

Christododoulou's daughter and ex deny charges

June 8th, 20172817 The daughter of former Central Bank governor Christodoulos Christodoulou and her ex-husband on Thursday denied charges over a €1m payment to the banker allegedly in exchange for his collusion during the takeover of Laiki Bank in 2006. Six other defendants, including Christodoulou and three companies, said they were not ready to...
Focus trial defendants ask for more time Cyprus

Focus trial defendants ask for more time

April 4th, 20171462 The defendants in a trial over a €1mln payment to former Central Bank governor Christodoulos Christodoulou, allegedly in exchange for his collusion during the takeover of Laiki Bank in 2006, said they were not ready to answer the charges on Tuesday and were given until June to prepare. The defence asked the Nicosia Criminal Court...
Focus case postponed as defendants fail to show Cyprus

Focus case postponed as defendants fail to show

November 3rd, 20161654 Court proceedings regarding a case related to the 2013 bank collapse were postponed on Thursday after two defendants failed to show up and the extradition procedure for two others was still in progress. In the case, filed at the Nicosia district court, the prosecution maintains that a company, Focus Maritime, had acted as a front for...
Zolotas and Fole both in custody (Update 1) featured

Zolotas and Fole both in custody (Update 1)

October 20th, 20162835 Two Greek nationals said to be associated with former Laiki Bank boss Andreas Vgenopoulos and wanted for weeks by Cypriot authorities in connection with a bribery case, are in police custody in Greece and Romania. Michalis Zolotas, 42, whose whereabouts were apparently unknown, surrendered to judicial authorities in Athens, around...
Decision on Monday for Vgenopoulos warrant Cyprus

Decision on Monday for Vgenopoulos warrant

September 30th, 20161616 The Nicosia district court will announce on Monday whether it will issue arrest warrants for four Greek nationals who failed to show up for a scheduled hearing in connection with the alleged bribery of the former Central Bank governor. The case concerns a €1m payment made to Christodoulos Christodoulou in 2007, which prosecutors...
First case filed against Vgenopoulos (Updated) Cyprus

First case filed against Vgenopoulos (Updated)

July 25th, 20161777 The first case in which embattled Greek financier Andreas Vgenopoulos, former Laiki Bank strongman, will be called to defend his actions was filed in Cypriot courts on Monday. Vgenopoulos, along with former Cypriot finance minister and former governor of the Central Bank of Cyprus Christodoulos Christodoulou, and four other...
Noose tightens in Vgenopoulos case featured

Noose tightens in Vgenopoulos case

July 23rd, 20161821 DISGRACED former Central Bank Governor Christodoulos Christodoulou was Friday charged with new offences stemming from a one-million-euro upfront fee for ten years’ advisory services paid into the account of his daughter’s consultancy company by Greek ship owner Michalis Zolotas, a close business associate of former Laiki bank...
DISY, AKEL appear to have received around €1.5mln from shipowner (Update 2) Cyprus

DISY, AKEL appear to have received around €1.5mln from shipowner (Update 2)

January 27th, 20161983 By Angelos Anastasiou Ruling DISY got €600,000 and AKEL appears to have received around €880,000 from a company thought to be linked to former Laiki strongman Andreas Vgenopoulos, the attorney-general said on Wednesday, announcing the main findings of a probe. The cash, transferred by Focus Maritime Corporation, a company...
DISY admits to receiving further Focus funding Cyprus

DISY admits to receiving further Focus funding

November 10th, 20151539 By Elias Hazou Ruling DISY leader Averof Neophytou has admitted his party received hundreds of thousands of euro from Focus Maritime Corporation to subsidise air fares for students flown in from abroad to vote in the 2008 elections. Previously, DISY had confessed only to receiving €50,000 from Focus, which is owned by Greek...
Investigators probing lead into possible Vgenopoulos-Focus link  - reports Cyprus

Investigators probing lead into possible Vgenopoulos-Focus link  - reports

August 14th, 20152340 By Angelos Anastasiou Investigators may have managed to link Greek financier and former head of failed Marfin-Laiki Bank Andreas Vgenopoulos with the offshore company Focus Maritime Corporation, owned by Greek shipping magnate Michalis Zolotas, daily Politis reported on Friday. The connection with Focus – and Zolotas, whom the...
Our View: Focus investigation showed politicians’ true colours Opinion

Our View: Focus investigation showed politicians’ true colours

April 1st, 20152300 POLICE investigators did an excellent job in establishing how a total of €2 million from Focus Maritime Corporation ended up in AKEL and DISY coffers in 2007 and 2008. Investigators found how the money was transferred to front companies, one of them based in the Virgin Islands, and auditing firms before ending up with the...
Trial of former CBC boss adjourned for three months Cyprus

Trial of former CBC boss adjourned for three months

June 27th, 20141443 By George Psyllides The trial of former Central Bank governor Christodoulos Christodoulou has been adjourned for three months to give time to the sides to look into the possibility of agreeing on certain facts relating to the case. Christodoulou was charged in May in connection with a €1 million cash transfer from a Greek...
Former CBC governor charged in connection with €1m cash transfer Cyprus

Former CBC governor charged in connection with €1m cash transfer

May 14th, 2014972 By Constantinos Psillides Former Central Bank governor Christodoulos Christodoulou was charged on Wednesday in connection with a €1 million cash transfer from a Greek ship-owner to a company managed by his daughter. Along with Christodoulou, prosecutors also charged his daughter Athena, and his former son-in-law Andreas...
AKEL sues ‘over loss of supporters’ Politis says Cyprus

AKEL sues ‘over loss of supporters’ Politis says

May 9th, 20142022 By George Psyllides MAIN opposition AKEL has sued a newspaper over allegations that the party had received €1.5 million from a company allegedly linked with a man many hold responsible for the collapse of the banking sector. The party said it had no other choice but to resort to court to set the record straight after shadows were...
Focus cash trail investigation extended Cyprus

Focus cash trail investigation extended

April 28th, 20141377 By George Psyllides NO OFFICIAL information will be given concerning payments made by a company, Focus, to political parties before an ongoing investigation has been completed, Attorney-general Costas Clerides said on Monday. “The authorities’ investigation has not gone beyond a certain point, which makes any information...
Economy task force chief blames Erotokritou of meddling Cyprus

Economy task force chief blames Erotokritou of meddling

April 25th, 20141311 By Elias Hazou THE former head of the police task force investigating the collapse of the financial sector has accused deputy Attorney-general Rikos Erotokritou of meddling in the criminal probe. Chief inspector Themistos Arnaoutis quit the team in mid-April, though his reasons for stepping down were not revealed at the time. A day...
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