Bank of Cyprus and its former chief appeal against convictions

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Bank of Cyprus and its former chief appeal...
 © CyprusMail 2018
The Bank of Cyprus and its former CEO Andreas Eliades filed appeals against their convictions and sentences with the supreme court on Friday.

Eliades was sentenced to 2.5 years in prison while the lender itself was slapped with a €120,000 fine after being found guilty by the Nicosia criminal court of the charge of market manipulation through misleading statements to investors about the bank’s capital shortfall in June 2012.

The former CEO and the bank as a legal entity were found guilty of providing misleading information to investors during the bank’s annual general meeting (AGM)...


Bank of Cyprus and its former chief appeal against convictions


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