It was claimed that South Cyprus has been involved in the Panama Papers Scandal which became the most important agenda topic of the world in the last 48 hours.
Accordingly, it was stated that the incoming money to Cyprus over Switzerland, transferred through the Panamanian-based law firm Mossack Fonseca to the world’s largest uncontrolled accounts was found in the island states of the Caribbean region.
Concerning the leak which is deemed as “the largest in history”, the names of former Greek Cypriot Leader Dimitris Hristofiyas, as well as former Foreign Minister Erato Kozakou – Markoulli and former Attorney General Petros Klerides were also mentioned on the papers.
Reporting that Panama-based world’s fourth biggest offshore Law Firm Mossack Fonseca has been registered in Cyprus since 2003, the Guardian reported that the company has three employees in Cyprus.
As the Guardian reported, RCB is described as the subcontractor of the Bank Rossiya and Putin’s friend bank, and the former Permanent Secretary at the Greek Cypriot Ministries of Finance and Justice, Andreas Tryfonides, and former Ambassador and Permanent Secretary at the Greek Cypriot Foreign Ministry Sottos Zakheos as well as Markulli and Klerides took part as board of directors.
It was indicated at the report of the Guardian that the bank Rossiya has apparently extended “enormous unsecured loans” worth over $1 billion, and citizenship was conferred to the two senior officials of the bank, Mikhail Kuzovlev and Kiril Zimarin, 3 months after Hristofiyas took the chair in June 2008.
On the other hand, the symbol name of the Cyprus negotiations Kofi Annan also was mentioned in the phenomenon.