Former AG had expressed ‘misgivings’ over inquiry panel
By Poly Pantelides JUSTICE Minister Ionas Nicolaou yesterday said former Attorney-general Petros Clerides had expressed some concerns over the legality of an inquiry on Cyprus’...
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Nicolaou says legal or not, panel’s questions needed answering
By George Psyllides WHAT IS important is for the causes of the island’s economic collapse to become known, Justice Minister Ionas Nicolaou said yesterday, as...
Legitimacy of inquiry panel will be decided through legal proceeding
By George Psyllides THE LEGITIMACY of the investigating committee tasked with looking into the economic debacle will be tested when it is challenged through legal...
Anastasiades: I was handed a time bomb
By George Psyllides PRESIDENT Nicos Anastasiades said he had been handed a time-bomb upon coming to office and his choice was to either let it...
‘It was like a gun to the head’
By George Psyllides PRESIDENT Nicos Anastasiades said yesterday that not accepting the terms of a bailout would have been catastrophic for Cyprus as he denied...
Deposit haircut was Eurogroup’s proposal: Anastasiades (Updated)
By George Psyllides President Nicos Anastasiades said on Tuesday that not accepting the terms of a bailout would have been catastrophic for Cyprus as he...
A total reversal of fiscal policy (INDEPTH)
By Stefanos Evripidou FORMER CENTRAL Bank Governor Athanasios Orphanides went on the warpath yesterday, blaming AKEL, the previous government, his successor, and EU governments for...
Our View: Christofias has no respect for the law
PERHAPS we should not have been surprised by yesterday’s antics at the investigative committee for the economy by former president Demetris Christofias. He displayed his...
Former President was ‘contemptuous and inexcusable’
By Poly Pantelides THE INQUIRY panel into the near collapse of the economy is now awaiting a ruling from the attorney-general’s office on how to...
Uniastrum had ‘bad record’ inquiry hears
A RUSSIAN bank acquired by Bank of Cyprus (BoC) in 2008 had a bad record and did not follow good banking practices, a Central Bank...
‘ECB was concerned over flow of emergency funding to Laiki’
By Poly Pantelides THE PREVIOUS administration’s delays in finalising a bailout agreement worried the European Central Bank (ECB), which threatened to pull the plug on...
BoC auditor speaks of risky lending policies
By Poly Pantelides THE ISLAND’S biggest lender’s expansion overseas was driven by a risky lending policy, which led to an increase of non-performing loans and...
Former Laiki chairman opposed links to Vgenopoulos
By Stefanos Evripidou THE FORMER executive chairman of Laiki (Popular) Bank Kikis Lazarides yesterday denied he was at loggerheads with the Hong Kong-based bank HSBC...
Current and former president to appear before committee (updated)
By Poly Pantelides PRESIDENT Nicos Anastasiades and former president Demetris Christofias will be called to testify at the committee of inquiry into the financial crisis,...
Germany wanted ‘drastic haircut’
GERMANY wanted a “drastic haircut” on bank deposits, and “some EU quarters” sought the destruction of Cyprus as a financial centre”, former finance minister Michalis...
Inquiry hears of millions owed by big names
By Poly Pantelides A COMMITTEE of inquiry investigating how the country’s banking system came to near collapse, yesterday asked the Bank of Cyprus (BoC) to...
‘There was a concerted move to blame the banks’ said former BoC boss
By Poly Pantelides FORMER Bank of Cyprus (BoC) CEO Andreas Eliades said on Monday reports and claims that he singlehandedly controlled the bank were wrong...
‘BoC was used to absolve CBC of responsibility over Laiki’
By Poly Pantelides FORCING the Bank of Cyprus (BoC) to take on another bank’s obligations was done to serve other interests, a former BoC board...
‘BoC deviated from good governance’
By Poly Pantelides THE ISLAND’S biggest lender, the Bank of Cyprus (BoC), deviated from good governance with its executives “enthusiastically” signing on for projects whose...
‘BoC was healthy until 2012’ panel hears
By Poly Pantelides FORMER Bank of Cyprus (BoC) chairmen spoke out yesterday against what they perceived as the vilification of the island’s largest lender. Speaking...