Bank of Cyprus ex-CEO guilty of manipulation ahead of crash
Bank of Cyprus ex-CEO guilty of manipulation ahead of crash
NICOSIA - Egypt Today
A Cypriot court on Thursday found a former CEO of Bank of Cyprus guilty of market manipulation shortly before the island's banking system almost collapsed in 2013.
The court ruled that Andreas Eliades had deceived shareholders on the actual capital shortfall of Bank of Cyprus (BoC) at an AGM in June 2012.
BoC as a legal entity was also found guilty of failing to give a clear picture of the bank's financial situation, although four other former senior officials were acquitted.
Cyprus is recovering from a financial crisis that left a number of its top banks insolvent and forced it to negotiate a harsh bailout with international creditors.
In March 2013, Cyprus clinched a 10-billion-euro ($11.7 billion) loan from the European Union and International Monetary Fund to bail out its economy and bloated banking system.
GMT 14:37 2017 Friday ,08 December
Tourist influx helps Cyprus post solid third-quarter growthRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 00:19 2017 Tuesday ,21 February
Flights grounded as typhoon hits near Tokyo
GMT 03:50 2017 Sunday ,23 April
Drought-hit Somalia moves closer
GMT 10:26 2017 Monday ,03 April
China to create new economic zone outside Beijing
GMT 13:05 2017 Saturday ,26 August
Iraqi forces say mission accomplished in western Talafar
GMT 15:18 2017 Sunday ,24 December
Iraq plans new Kirkuk-Ceyhan oil pipeline
GMT 12:59 2015 Saturday ,27 June
How to stay fit while fasting and feasting to avoid digestive problems
GMT 11:19 2017 Sunday ,27 August
Shaikh Nasser Award final stage underway
GMT 08:56 2018 Monday ,03 December
Israeli forces seize agricultural dwelling in Nablus
GMT 16:41 2018 Monday ,19 November
Putin hails Turkish president’s role in seeing TurkStream project implemented
GMT 12:24 2017 Thursday ,23 February
Al Ain’s Zoran Mamic stresses importance of ‘good start’ in Asian Champions League with Zobahan up first
GMT 11:39 2017 Saturday ,16 September
Kazem reveals his granddaughter’s gift
GMT 23:09 2017 Wednesday ,15 February
Indian PSLV rocket lifts off with record 104 satellites
GMT 13:39 2017 Tuesday ,11 July
Nawal Al Zoghbi says serious honor comes
GMT 07:21 2017 Sunday ,16 July
15 tourist flights arrive to Hurghada airport from Germany
GMT 10:23 2017 Thursday ,16 February
BRAVE books place in World Amateur Championship
GMT 12:42 2017 Saturday ,28 October
A policeman killed in a terrorist attack against Bahrain
GMT 12:01 2017 Saturday ,28 October
Syrian Democratic Forces dominates oil field
GMT 08:07 2017 Tuesday ,28 November
El Ansari said 9 injured in microbus rollover in Helwan
GMT 12:12 2018 Sunday ,02 December
Hassan bin Abdullah receives bank official
GMT 12:27 2018 Friday ,30 November
G20 set to open in Argentina with global trade concerns in focus
GMT 17:02 2018 Sunday ,04 November
NASA's Dawn spacecraft runs out of fuel after 11-year mission to asteroid belt
GMT 12:20 2018 Tuesday ,30 October
Javad Zarif handed in his resignation
GMT 10:30 2018 Tuesday ,23 October
Erdogan says Saudi officials planned Khashoggi murder
GMT 10:38 2018 Sunday ,14 October
Israeli settlers uproot olive trees, raze land in West Bank
GMT 15:16 2018 Monday ,17 September
Cotton output estimated at 10.874 million bales in current season
GMT 15:47 2018 Wednesday ,12 September
Roscosmos chief lambasts rumors over Soyuz as ploy to subvert ISS crew
GMT 21:05 2016 Wednesday ,28 September
Crnival promoting Chinese intangible cultural heritage opens in Beijing
GMT 17:22 2017 Tuesday ,08 August
Jordanian PM to visit Sudan Thursday
GMT 12:23 2014 Wednesday ,05 March
Kuwaiti PM meets Arab African International Bank chief
GMT 19:37 2017 Sunday ,30 July
King wishes Palestinian president well after medical tests
GMT 22:43 2015 Friday ,23 January
Cairo Chamber of Commerce mourns Saudi king death
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor