Israeli Simon Mistriel Aykut, the director of Afik Group, a property developer in the north, will remain in custody for an additional six days, as decided by the Nicosia District Court on Thursday.Aykut, 73, who holds both Israeli and Portuguese passports, faces charges related to a €1 billion development project in Trikomo on Greek Cypriot … Read more
The Scottish National Party (SNP) will lead a minority government in Scotland after ending its coalition with the Green Party due to a disagreement over climate change targets. The SNP has been in power since 2011 but has seen a decline in poll ratings. SNP leader Humza Yousaf announced the decision to terminate the coalition agreement with the Greens, stating that pursuing a different arrangement is in the best interests of the people of Scotland. The SNP now operates as a minority government with 63 Members of the Scottish Parliament (MSP).
– President Nikos Christodoulides received a stipend of €4,128.45 monthly for three months while stationed in Cyprus, despite being originally stationed in Brussels.
– The stipend was not officially approved by the foreign minister, but by the permanent secretary.
– Rent amounting to €45,000 was paid to a diplomat living in his own flat abroad from 2018 to 2021, which was not recovered by the foreign ministry.
Two men were arrested for embezzling over 0,000 from a casino in Kyrenia by sending forged invoices and receiving payments in cash.
Real estate tycoon Truong My Lan was sentenced to death in Vietnam for her involvement in a .46 billion financial fraud case. Lan, the chairwoman of Van Thinh Phat Holdings Group, was found guilty of embezzlement, bribery, and violating banking rules. The trial was part of a crackdown on corruption led by the ruling Communist Party, resulting in the prosecution of many officials and executives. Lan and her accomplices were accused of siphoning over billion from Saigon Joint Stock Commercial Bank through unlawful loans to shell companies. Lan plans to appeal the verdict.
Cyprus is being implicated in the investigations into a deadly terrorist attack in Moscow, with reports suggesting that a sum of money in the form of cryptocurrency ended up in the hands of perpetrators through a Russian businessman with ties to the island. The businessman, known as “Yulik London,” is wanted by Russian authorities for possible embezzlement. However, it is emphasized that there may be no direct link between the businessman and terrorist financing. The information was not published in major Russian media outlets and was uncovered during an investigation at a cryptocurrency exchange in Moscow. The Russian Prosecutor General’s Office has requested assistance from the US, Germany, France, and Cyprus in connection with the terrorist incidents.