Insider Business Committee of inquiry into co-op to be sworn in on Monday

Committee of inquiry into co-op to be sworn in on Monday

A committee of inquiry set up to probe the collapse of  the co-operative credit system will be sworn in on Monday and begin work.

According to an announcement from the Law Office of the Republic on Thursday, the three member committee will be sworn in before the attorney general at 9.00 am. Chaired by former Supreme Court judge Yiorgos Arestis, the committee is also made up of former Securities and Exchange Commission chairman Yiorgos Charalambous and former Alpha Bank Cyprus CEO Yiorgos Georgiou.

They are changed to establish what led the co-op credit sector to its current plight, and have the right to call in experts. They are free to determine how far back their investigation will go. They must submit a report within three months with a possible extension for another three months.

Read more

https://in-cyprus.com/news/business/committee-of-inquiry-into-co-op-to-examine-documents-before-summoning-witnesses/

Top Stories

T/C members of the Technical Committee on Culture resign

All Turkish Cypriot members of the Technical Committee on Culture submitted their resignation saying that the outcome of the “presidential elections” does not comply...

More than 900 signatures against Asphalt factory in Tseri

Online signing of petition for the suspension of work of a non-authorized industrial unit of asphalt located at the municipal boundaries of Tseri. The...

Private hospital postpones regular operations

Private Hospital Evangelismos in Paphos announced that due to increased demand, the number of cases provided by the framework of cooperation with the Health...

Expert expects reduction of COVID-19 cases due to measures

Even if there is a drop in the number of COVID-19 cases, this will not mean that the danger has been overcome and that...

Limassol Bishop: Holy Synod must be convened

The Bishop of Limassol Athanasios told the CNA that he is displeased with the decision of Archbishop Chrysostomos B’ to recognize the autocephaly of...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...