Cyprus media tycoon slain

The gangland-style execution on Monday night of prominent Cypriot publisher Andy Hadjicostis appears to bear the hallmarks of the island’s mafia, according to police who noted that the 41-year-old media figure had received warnings of a possible attack against him. According to police, Hadjicostis, the owner of the Dias publishing group and Sigma television channel, was shot twice at point-blank range while getting out of his car near his home in an upmarket part of central Nicosia. The assassin used a double-barreled sawn-off shotgun in the attack before fleeing on a motorcycle driven by an accomplice, police said. There was speculation in the Cypriot media that the murder might have been politically motivated as Hadjicostis’s media group had criticized a United Nations blueprint for the reunification of the divided island, rejected by the Greek Cypriots in 2004. But police sources said they believed a likelier scenario was a financial dispute with a convict serving time in a Cypriot jail.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.