Daily Archives: July 31, 2010

Archives July 31, 2010 posted by

Britain grants bail to fugitive Nadir

 

FUGITIVE Turkish Cypriot tycoon Asil Nadir was granted bail by a London court yesterday providing he returns to Britain to face fraud charges relating to the collapse of his Polly Peck empire almost 20 years ago.

Nadir, 69, a Conservative Party donor, fled to northern Cyprus, which has no extradition treaty with Britain, in 1993 to avoid a 34 million pound fraud trial.

The Serious Fraud Office, which is investigating the case, said he remained charged with 66 counts of theft.

Nadir, who denies any wrongdoing, has said he would stand trial to clear his name if he was not taken into custody. Granting bail, a judge at London’s Old Bailey court said he hoped the move would end the “legal limbo” in the case.

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Our View: Leaders’ dinner a case of much ado about nothing

IT WAS inevitable that political meaning would have been read into the dinner at Dervis Eroglu’s house in Nicosia. It was also inevitable that the meaning extracted from the dinner would be negative.

Before President Christofias had even crossed to the north of Nicosia for his social engagement, EDEK issued an announcement expressing “disagreement with the President’s acceptance of Dervis Eroglu’s invitation to dinner in occupied Nicosia.” It was “inconceivable for the President of the Republic to go to the occupied territories and have contacts under the bayonets of the occupier,” the party said.

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Saudi billionaire’s yacht too big for Latchi harbour

A SAUDI Arabian royal billionaire is currently holidaying in Latchi, with police taking special measures to protect him and his entourage.

Prince Al Waleed bin Talal – 19th richest man in the world, is visiting Cyprus on his 90-metre long luxury yacht, which is far too large for Latchi’s tiny marina to accommodate.

Local police confirmed that they are aware of the royal visit and have taken precautions to safeguard him. Speaking last night, a representative for Latchi police said: “Of course we are protecting him. We don’t let people go too close to him, He is swimming with his partner at the moment.”

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Day out in Larnaca could cost you €114.97

LARNACA has the most expensive coffee out of 12 holiday destinations popular with British tourists, a recent study has found.

According to the study carried out by the UK Post Office, a regular tourist would spend around €114.97 for a day in Larnaca.

Coffee in Larnaca cost €3.24 compared with Portugal at the other end of the spectrum at €0.75.

France was not far behind, but still cheaper than Cyprus with a cup of coffee costing €2.15 whereas Italy charged just a little more than Portugal with €0.92.

Apart from coffee, the day’s buys included beer, soft drinks, sunscreen, ice cream, a sun bed, bucket and spade, a beach towel, a lilo, jelly shoes and a pedal boat for an hour.

Overall, Cyprus was fifth cheapest among 12 countries.

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Be an ‘ambassador for tourism’ pleads CTO

THE CYPRUS Tourism Organisation (CTO) has established a new programme aimed at promoting Cyprus as a destination for business conference tourism.

‘Ambassadors in Tourism’ is asking for Cypriot or foreign volunteers who travel regularly to international and regional conferences to champion the virtues of Cyprus whilst abroad, encouraging organisations to locate future events here on the island.

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Garoyian faces down DIKO dissenters

DIKO leader Marios Garoyian won the latest round last night in his ongoing struggle to rein in those senior members of his party who regularly and very publicly disagree with President Demetris Christofias policies, especially regarding the Cyprus problem and the economy.

Party spokesman Fotis Fotiou said last night that Garoyian used a five-hour meeting of DIKO’s Executive Bureau and parliamentary group yesterday to insist that government partner DIKO must speak with “a single political voice in order to restore the party’s credibility and image”.

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Private university fees finally set

THE government yesterday set the maximum increase in tuition fees charged by private universities to take effect in September 2011.

The order was published in yesterday’s government gazette and stipulates that any increase cannot be over 0.45 per cent of the already approved fees, Education Minister Andreas Demetriou said.

Under a law passed by parliament earlier this month, private universities will submit their proposed increases in tuition and other fees to the ministry, which will then decide whether the increases are justified.

In addition, the Education Minister has been authorised to issue a yearly cap on fee increases.

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Battle against trafficking ‘far from over’

DESPITE SIGNIFICANT steps forward in the battle against trafficking in persons, the government could not remain complacent as there was still much to be done to “stamp out this crime”, said Interior Minister Neoclis Sylikiotis yesterday.

Sylikiotis acknowledged that the battle against trafficking was far from over. “Despite the successes achieved in the last two years towards addressing the problem of trafficking in persons, we have not reached the end of the road, we have not yet managed to eradicate, stamp out this crime, which is why we will not remain complacent,” he said.

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