Cyprus' President Nicos Anastasiades. (Reuters / Yves Herman)
Cyprus' President-related company transfers €21 mln to London prior to bailout agreement – report
According to a Cypriot newspaper, Haravgi, a company owned by relatives of the Cypriot President Nicos Anastasiades sent €21 million from Laiki Bank to London.
This reportedly happened on 12 and 13 March, just days before the bailout agreement was finalised.
The company concerned is A.Loutsios & Sons Ltd.
It is co-owned by Loutsios John, the husband of Nikos Anastasiadis' daughter, Elsa
Charges Anastasiades' In-Law Moved $26.8M