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Europe |
Cyprus Freezes Billions in Former Laiki Chiefs' Assets |
2013-06-02 |
![]() It said the special administrator of Laiki Bank, Andri Antoniades, has obtained interim orders against Andreas Vgenopoulos, Efthimios Bouloutas, Kyriakos Magiras and Marfin Investment Group Holdings. The orders, issued by Nicosia District Court, have already been served, the bank said in a statement. "They consist of imperative orders for the global freezing of assets totaling EUR3.79 billion against Messrs Vgenopoulos and Bouloutas and EUR1.5 billion against Mr Magiras," said the central bank. "They also include orders for the disclosure of all the assets of the three aforementioned individuals as well as orders prohibiting Marfin Investment Group Holdings from making any payment or transfer in favor of the three aforementioned individuals," it added. The central bank did not elaborate on the reason for the assets freeze. Bouloutas is a former Laiki CEO, while the other two are also former senior board members of the bank that crashed after its exposure to Greek debt was a key reason for Cyprus applying for a bail-out last year. Greek businessman Vgenopoulos issued a statement on Friday saying he would contest the order -- which he said had no validity outside Cyprus -- on June 11. |
Posted by:Fred |
#1 Only NOW? |
Posted by: Skidmark 2013-06-02 08:24 |