CYPRUS MAIL

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Cyprus Mail www.cyprus-mail.com

Tuesday, April 2, 2013

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President denies family bank tip-off Crisis probe will investigate me too, says Anastasiades By George Psyllides

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RESIDENT Nicos Anastasiades yesterday denied that money transferred out of Cyprus by some of his relatives just before a controversial EU decision to raid bank deposits took place because he had given them advance warning of a haircut on savings. “I never knew, and it was never possible for me to wage war until Saturday morning [March 16] to avoid what they imposed on us and at the same time supposedly tip-off people,” Anastasiades said yesterday. He said that the threemember investigative committee set up to probe the banking sector and possibly allocate civil, criminal or political responsibility for Cyprus’ financial crisis will also be instructed to investigate himself and his family. Earlier, Anastasiades said the effort to vilify companies or people linked with his family were an attempt to divert public opinion away from the real culprits of the island’s economic woes. He was responding to reports in Sunday’s issue of Haravghi, the mouthpiece of former ruling party AKEL, that a company belonging to Anastasiades’ daughter’s parents-in-law, A. Loutsios and Sons Ltd, had transferred some €21

million from its bank accounts in Laiki just days before the Eurogroup decided to raid people’s deposits on March 16. There were transfers on March 12 and 13 but also on March 1, the newspaper said, suggesting the family had been warned of what was coming. It also claimed that the in-laws of Anastasiades’ daughter, Andys and Katia Loutsios, had withdrawn an additional €24 million on January 29 - when AKEL’s Demetris Christofias was still president. The Loutsios family denied the claims, describing the report as a “malicious” and deliberate effort to politicise fully legal economic activities having nothing to do with the newspaper’s allegations. In a written statement on Sunday, the family said it had a total of €46.7 million in deposits, excluding €4.0 million in Cypriot bonds. “It should be noted that the total of the amounts in question stem from profits and revenues that have been taxed accordingly and nothing is owed to the state,” the family said. Seeking to put the story straight, the family said it had transferred €10.5 million from Laiki to the Bank of Cyprus - in Cyprus - and an additional €10.5 million was transferred to Barclays PLC in London.

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Donations came flooding in at charity concert in Nicosia yesterday FULL STORY PAGE 4

(Christos Theodorides)

Perfect timing as swans deliver Easter egg surprise A CLUTCH of Easter egg surprises appeared overnight at the world’s only managed colony of nesting mute swans. Two pairs of swans fittingly chose the Easter bank holiday to produce the first eggs of 2013 at the popular Abbotsbury Swannery in Dorset. Two eggs, each in a different nest, were laid some time overnight and are likely to be the first of around a dozen in each nest. A long established legend at the swannery has it that the hatching of the first cygnets marks the first day of summer. But incubation of the eggs, over a period of 35 days, only begins when the

last egg in the clutch has been laid. The birds are then fed wheat up to three times a day while raising their young. Dave Wheeler, a swanherd at the centre, said the majestic birds have so far stayed true to the old adage that swans mate for life. One pair, born at the swannery in 2004, are nesting together again this year and eggs are being laid for their fifth consecutive time. “The weather has been so bitterly cold this year that we wondered if the eggs would be a little bit delayed,” said Wheeler.

“But the end of March or beginning of April is quite normal for the first eggs to appear.” Both nests are situated close to each other and the eggs are easily seen by visitors to the attraction, which is open seven days a week. John Houston, swannery general manager, said: “It’s quite magical to glimpse the egg under the pen (female swan) so today’s a good day for people with season tickets to come down. “It’s fitting that the first eggs were laid at Easter time and spotted on 1 April. For us, British Summer Time has come just that little bit closer.”


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