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The “Panama Papers” scandal in South Cyprus is growing with interesting developments.

An EU ad-hoc parliamentary committee will arrive in South Cyprus on Friday to establish the island’s alleged connection to the recent Panama Papers scandal.

The committee is expected to hold talks with Greek Cypriot leader Nikos Anastasiades as well as other high-ranking officials in South Cyprus. The committee has been tasked by the EU with looking into the scandal to establish if there has been any wrongdoing from within the bloc as well as from the member states.

It is not yet known if South Cyprus is the first port of call for the committee members.

Greek Cypriot leader Anastasiades had previously urged authorities to carry out immediate investigations into the Panama Papers saga.

According to the news of Greek Cypriot Sigma-Live, a total of 88 persons have been investigated up to now and their statements are not satisfactory enough. The Greek Cypriot Tax Office is in deep research on the issue and the total amount which is being investigated is more than 35 million euros.

It was also stated that research findings of the Greek Cypriot Tax Office are expected to be conveyed to the Attorney General Kostas Klerides. It was also noted that a meeting was held at the Tax Office and views were exchanged about how to impose sanction on 116 companies involved in the scandal.

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