Cyprus Aided Money Laundering says Ex-Minister

10 Jun 2006

Serbia's former justice minister accused Greek Cypriot authorities yesterday of complicity in the illegal transfer of billions of dollars to Cyprus during the 1990s United Nations embargo against Yugoslavia. Vladan Batic told a Nicosia court the Yugoslav government had arranged for "sacks and suitcases full of cash" to be flown from Belgrade to Nicosia and deposited in accounts of "front" companies held by Cyprus Popular Bank, now known as Laiki Bank.

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Posted by Aaron A Day on Saturday, June 10, 2006 at 8:28 PM | 0 TrackBacks

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