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Cyprus bailout: Parliament to probe alleged loan write-offs

Published on Mar 30, 2013 8:47 PM
 
Depositors wait to enter a branch of Laiki Bank in Nicosia March 29, 2013. Cypriot members of parliament will next week investigate a list of several million euros of alleged loans to politicians and others said to have been written off by the two banks at the centre of the island's financial crisis. The list focuses on the activities of ailing lenders Laiki (Popular) Bank and the Bank of Cyprus, as well as Hellenic Bank. -- FILE PHOTO: REUTERS

NICOSIA (AFP) - Cypriot members of parliament will next week investigate a list of several million euros of alleged loans to politicians and others said to have been written off by the two banks at the centre of the island's financial crisis.

Mr Marios Mavrides, a deputy with the conservative Disy party of President Nicos Anastasiades, told AFP on Saturday "there is an ad hoc committee that will be investigating these privileged loans."

The list focuses on the activities of ailing lenders Laiki (Popular) Bank and the Bank of Cyprus, as well as Hellenic Bank, and was published on the website of Greek newspaper Ethnos.

Among those named, some have come forward to deny any preferential treatment or wrongdoing, and have threatened legal action.

 
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