Daily Archives: August 21, 2012

Archives August 21, 2012 posted by

AEL ready to write history against Anderlecht

AEL Limassol are only one step away from qualifying for the UEFA Champions League and over the two legs in the play-off qualifying round they will have to beat Belgian champions RSC Anderlecht to progress into the group stage of the competition.

“Anderlecht are a very good team with plenty of Champions League experience; however, we are only interested in qualifying for the group stage of the competition and we will take the next two games as they come,” said AEL’s manager Pambos Christodoulou.

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Archives August 21, 2012 posted by

Nadir faces jail after guilty verdict

 

FORMER fugitive Turkish Cypriot tycoon Asil Nadir was facing jail last night after being convicted of plundering millions from his Polly Peck business empire.

An Old Bailey jury found him guilty of three counts of theft amounting to a total of more than £5.5 million.

Nadir was found guilty of stealing £1.3 million to secretly buy Polly Peck shares to bolster its Stock Exchange price.

He was also found guilty of stealing £1 million spent on antiques and £3.25 million which went to 19 different destinations.

He was cleared of a fourth count of stealing £2.5 million and using it to pay his income tax bill.

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Our View: No surprise that Chinese deal has gone belly-up

IT’S NO surprise that the much-anticipated multi-million Chinese deal for the redevelopment of the old Larnaca airport appears to have come to an ignominious end, although the government said yesterday it would attempt to salvage it.

Communications Minister Efthimios Flourentzos said he was meeting Chinese businessman Yang Qi tomorrow in a bid to convince him to rethink his decision, conveyed to the government in a letter received on August 14.

Apparently the Chinese investor in his letter said he was no longer interested, citing red tape as the reason for pulling out, something Flourentzos has rejected. But the Cyprus Investment Promotion Agency (CIPA) sided with the Chinese businessman’s view concerning the issue of red tape.

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State will try to salvage Chinese deal

THE government said yesterday it will try to salvage a multi-million deal with a Chinese investor who withdrew his interest in developing the old Larnaca airport building, citing time-consuming and complicated state procedures.

Communications Minister Efthimios Flourentzos said he was meeting Chinese businessman Yang Qi on Wednesday in a bid to convince him to rethink his decision, conveyed to the government in a letter received on August 14.

Flourentzos rejected the view that red tape had killed the investment, suggesting instead that it was the recent controversy sparked by the revelation that a presidential aide was allegedly involved in the deal.

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BoC mulls loan-book swap

BANK of Cyprus (BoC) is looking into swapping part of its loan book in Greece with a Greek bank operating on the island as part of moves to strengthen its capital base, it said in a stock exchange filing yesterday.

Cypriot banks operating in Greece have been battered by the country’s debt crisis and deep recession which have caused losses in the sovereign debt restructuring and a rise in non-performing loans.

 As a result Cyprus sought emergency financial aid from its EU partners on June 25.

The filing from the island’s biggest lender came in response to a newspaper report that it is in talks with Greek lender Alpha Bank on swapping part of its loan book with Alpha’s loans in Cyprus.

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Motorbike rider killed in collision

GIORGOS Kamilaris, 25, was killed in Larnaca yesterday when his motorbike crashed with a car driven by a 20-year-old learner driver at about 2.45am.

The learner driver was with a 40-year-old woman passenger who initially claimed she had been driving. The car belonged to her. 

However, the police had a witness testimony contradicting her claim, and placing the 20-year-old in the driver’s seat, Larnaca police spokesman Christos Andreou said.

According to police, the 20-year-old had tried to turn right from Makarios Avenue onto Archbishop Kyprianos Avenue, hitting Kamilari’s motorbike, which was moving in the opposite direction on Makarios Avenue. 

The crash – on the car’s left-hand side – shattered the window and dented the left door. 

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Three children injured in drink-drive accident

 

THREE children in the back seat of a car driven by a 34-year-old under the influence of alcohol were injured on Sunday when the driver lost control of his car.

The 34-year-old was over the legal alcohol consumption limit for driving – set at 22 micrograms per 100 ml – measuring instead 40 micrograms.

The car was on the Kofinou-Larnaca highway when at about 3.30pm the driver- in circumstances still under investigation- lost control of the car close to Anglisides. The vehicle overturned, stopping in a ditch.

A 12-year-old family friend who was trapped in the car was freed by officers from the disaster response squad EMAK. She had ruptured her lung. 

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Four months for football hooligan

THE LARNACA district court yesterday sentenced a 20-year-old to four months in jail for taking part in a pitch invasion that caused a football game to be abandoned.

Christos Gavriel jumped into the pitch several minutes before the final whistle of the August 9 Europa league qualifier between his team Anorthosis and Georgian guests Dila Gori, taking issue with his goalie letting in three goals.

Gavriel approached the goalkeeper and asked him “why?” prompting police to arrest him.

Dozens of Anorthosis fans reacted to his arrest and poured on to the pitch, forcing the referee to interrupt the game. 

Others threw stones at people and cars outside the stadium. 

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Quality of concrete to be examined

COMMERCE Minister Neoclis Sylikiotis yesterday agreed to re-examine alterations made to the concrete standard last year which some experts claim has brought down the quality and durability of today’s buildings. 

The announcement to open tenders for studies into the quality of concrete in Cyprus was made after a meeting with the Scientific and Technical Chamber (ETEK).

The move is related to a decision last year to alter the concrete standard, which ETEK feels was “a step backwards” in the building material’s production.

Speaking after he met with ETEK yesterday morning, Sylikiotis said one study would look into the current quality of concrete in Cyprus, while another would examine international scientific research into the matter.

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Cypriots stuck in Syria

 

CYPRIOTS visiting relatives in Syria are now stuck in the warring country, unable to get out, the Foreign Ministry said yesterday.

Antonis Theocharous, from the ministry’s crisis management department, said yesterday that a young Cypriot man is currently in Aleppo while a Cypriot woman in the advanced stages of pregnancy is about 25km away from the Turkish border. Her two children are also with her. 

Both went to Syria in July while “about a week ago”, their families got in touch with the Cypriot authorities to let them know they had tried and failed to leave the country, Theocharous said.

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