FinMin has huge responsibility for co-op collapse, investigating committee finds

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FinMin has huge responsibility for co-op...
 © In-Cyprus 2019
Finance Minister Harris Georgiades has major responsibility for the collapse of the co-op bank, according to the findings report of an investigating committee published on Wednesday.

“The finance minister’s responsibility for the collapse of the co-op bank is huge,” the report said.

“The minister’s responsibilities are similar to those of a company’s major shareholder, which goes bankrupt due to mismanagement by them. He was the state’s representative and he participated in shaping the co-op’s strategy”.

“The Minister had...


This article was automatically added to our system 6-3-2019

FinMin has huge responsibility for co-op collapse, investigating committee finds


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Article Tags: finmin, responsibility, collapse, investigating, committee, finds,