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

Higher fines for traffic offences move step closer

    Higher fines for traffic offences, long sought by police to reduce the number of road accidents, came a step closer today after the House...

64.8% of hospitalised Covid patients were male – weekly report

The Thursday report of the Health Ministry's Epidemiological Surveillance Unit has found that as of May 26 64.8% of all hospitalised Covid-19 patients (114...

Two more test positive to Covid-19, both through tracing

There were two new Covid-19 cases in Cyprus the Health Ministry said, both found through tracing the contacts of confirmed cases (60 tests today),...

Burial in Turkish-held north of enclaved G/C permitted 20 days after death

  Turkish Cypriot authorities yesterday finally allowed the remains of an enclaved Greek Cypriot from the Turkish-occupied village of Ayia Triada who died 20 days...

Additional relaxations in new Health Ministry decree

  Pleasure boats and sea sports are back, under conditions, following a decree issued on Thursday by Health Minister Constantinos Ioannou, CNA reports. The new decree...

Taste

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...

Spiced lamb with beetroot salad and scented yoghurt

Lay the lamb on a tray, skin side down. Rub with crushed garlic, sprinkle with spices and ground pistachios, wrap in plastic wrap and...

Easy seafood pasta with white wine sauce

Ingredients: 2-3 tbsp olive oil 1 garlic clove, chopped 2-3 tablespoons of whipped cream 1/3 cup white wine 300g spaghetti, roughly broken 300-400g of...

Traditional salads that will blow your mind away

This traditional salads will make you actually love salads! Cyprus may be famous for souvla and kleftiko but if you try the traditional salads with...