NEWS

Cyprus central bank governor faces parliamentary inquiry

The Cypriot House of Represantives has ordered an inquiry into whether the country’s Central Bank Governor, Panikos Dimitriades, misled deputies and withheld information with regard to a report edited by Alvarez & Marshall on the factors that led the Bank of Cyprus and the Cyprus Popular Bank (known as Laiki) to seek state support.

According to reports Dimitriadis could face felony charges.

While the Alvarez & Marshall report presented a very detailed account on the Bank of Cyprus, it was far less informative regarding the situation at Laiki.