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Aristo trial court ruling July 28

The court will issue its judgement in the case against Theodoros Aristodemou, the founder of Aristo developers and former chairman of the Bank of Cyprus, and three others on July 28.
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Municipal secretary quizzed at Aristo trial

The trial of Aristo boss Theodoros Aristodemou and three others defendants in the suspicious land zoning case continued on Tuesday with defence lawyers quizzing municipal secretary Themis Philippides.
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Aristo detention order extended

The Paphos District Court renewed the detention order against four of the suspects in the Aristo Developer's fraud case yesterday after the trial judge accepted a request from the police.
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Aristo fraud suspects quizzed by police

One of the suspects in the Aristo fraud case has admitted forging a Land Registry document but claimed that he was under instructions by his superiors and that this was standard practice.
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Famagusta Developers found guilty in fraud case

Kypros Kyprianou and his company Famagusta Developers have been found guilty of double selling a property located near the Paralimni lake following an eight months court case.
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Fugitive lawyer sentenced

Marios Shiaeles, a lawyer who was believed to have fled Cyprus with his wife in 2006 allegedly taking with him client funds estimated to be more than three million Cyprus Pounds, has been sentenced.
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Robbed by property fraud

Liberal Democrat MP Andrew Stunell raised the case of a constituent who had been subject to property fraud in Cyprus following the default of Alpha Bank and has asked for a meeting about the issue.
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Fraudulent property scheme of biblical proportions

British home buyers have filed a class action against the 'Turkish Republic of Northern Cyprus' and the HSBC claiming they are victims of a fraudulent property scheme of biblical proportions.
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Failure to pay property fine prompts liquidation order

Having been deemed as being unable to pay its debts, an order has been issued by the Famagusta district court for the winding up of K & M Famagusta Developers and Construction Ltd.
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Cyprus buyers stage protest at overseas property show

A group of British property buyers who believe they have been defrauded or mis-sold property in Cyprus staged a protest outside the 'A Place in the Sun Live' overseas property exhibition at the NEC in Birmingham.
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Drug dealing Briton jailed over property fraud

A Cypriot court has sentenced convicted drug dealer and former Teesside rave club owner Gary Robb to ten-months in jail in connection with a case involving the appropriation of Greek Cypriot property, in the northern Turkish occupied areas.
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Alpha Panareti named in MEP question

Alpha Panareti, a Cyprus property developer based in Paphos, has been named in a question raised in the European Parliament by MEP for Scotland George Lyon in connection with EU citizens who have been defrauded by property investment schemes.
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Cyprus developer Alpha Panareti named in MEP question

Alpha Panareti, a Cyprus property development company, was named in a question raised in the European Parliament by Derek Roland Clark MEP for East Midlands region who is seeking advice for one of his constituents.
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Double selling fraud: the O’Dwyer judgement

Cyprus cannot afford to delay any recovery of its property sector and the many scandals require urgent, radical treatment - not a sticking plaster, an aspirin and a hope that the patient will simply recover naturally.
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British home buyer loses case in court ruling

A judge has ruled that British home buyer Conor O'Dwyer's private criminal prosecution against Karayiannas and Michelle McDonald has not been proven and has ordered Mr O'Dwyer to pay their costs.
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Court finds Conor O’Dwyer’s attackers guilty

Cyprus property developers Christoforos Karayiannas, Marios Karayiannas and an employee of their company have been found guilty of causing British home buyer Conor O’Dwyer actual bodily harm as a result of their assault on him in January 2008.
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Developer to sue over fraud reports

A developer under investigation in connection with alleged fraud, has filed a libel suit against Cyprus’ biggest newspaper for over 2 million Euros, it emerged yesterday.
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New EU anti-fraud and corruption system launched

Following a Eurobarometer report saying that corruption in Cyprus is a national problem comes news of a new EU anti-fraud and corruption reporting system
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CPAG update on transfer taxes and IPT

Earlier today CPAG, the Cyprus Property Action Group, issued an update regarding transfer taxes (Property Transfer Fees) and IPT (Immovable Property Tax)
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Desperate developers fall prey to funding fraud

Developers in Cyprus may have fallen for an alleged £12 million fraudulent loan scheme in the UK according to a report from the Overseas Property Professional (OPP), highlighting their vulnerability at a time when commercial funding is much harder to source.
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