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article image132 companies, elites transferred cash out of Cyprus, named

By Katerina Nikolas     Apr 3, 2013 in World
Nicosia - It appears that politicos, elites and favored companies may have had advance inside information pertaining to Cypriot bank deposit haircuts. The names of 132 companies and elites who transferred funds out prior to bank closures have been released.
In the run up to the Eurogroup meeting which left Cyprus banks closed and a brutal haircut imposed on deposits in the Laiki and Bank of Cyprus, funds were hemorrhaging out of the country.
Digital Journal reported the names of politicians who transferred funds worth €26 million out of Cyprus were published in the Greek media this weekend. Now a further 132 companies and individuals who transferred some €700 million have been named. Euros, dollars and rubles kept in the banks were all transferred out.
Nesara has printed the four page list containing the names. The Slog notes: "There seem to be two types of investor who got out of Cypriot banks before the EC goosestepped in: people known to the Government, and mobsters."
Also "significantly, the National Electricity Authority was allowed to withdraw its entire holding in Cyprus Bank" withdrawing "€19.5 million on 12.3.13: just 96 hours before the depositor levy was announced."
More about Cyprus bank transfers, bank of cyprus, Laiki Bank, Cyprus Electricity Authority, cyprus bailout
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