Jump to content
House Price Crash Forum
Sign in to follow this  
Guest

Cyprus Suspends Probe Into Who Withdrew Money Early

Recommended Posts

At what point does the ordinary Cypriot man in the street take up his pitchfork and march on their parliament? If I were one, I'd be pretty annoyed by now.

Share this post


Link to post
Share on other sites

http://www.zerohedge.com/news/2013-04-10/cyprus-suspends-probe-who-withdrew-money-early

'In a day full of stunners, we next get news from Cyprus, where a few weeks after the start of the "investigation" into who pulled their cash out of the country's doomed banking system in advance of the confiscation news on March 16 (and where even the current president was implicated in transferring over €20 milion in family money to London) the parliamentary committee tasked with tracking down the leaks, has suspended its probe.

As it turns out, it was "all the central bank's fault", which was charged with providing the data. The head of the Cypriot parliament's ethics committee, which was due to look into a list detailing transfers of more than 100,000 euros from the two major banks - Bank of Cyprus and Cyprus Popular Bank - said on Tuesday that the list fell short of what he had requested. "It was with great disappointment and anger that, when we opened the envelope, we realized it contained data for only 15 days even though we had asked for a year," lawmaker Demetris Syllouris told reporters. "This kind of behavior is unacceptable."

This "kind of behavior" also provides a very convient alibi for all those members on the committee who may have incidentally been among the lucky ones channeling funds while the banks were still subject not subject to capital controls. Them, or those who have been generous enough to provide "lobby" funding in order to quickly and quietly crush the inquiry.

But it gets better. Apparently the reason the central bank limited the list to only those who transferred funds in the two weeks prior to the Cypriot bank default, is that it would result in a "huge volume of information" - something the central bank believed the parliamentary committee would never be able to handle.'

you gotta love it.

....well would you want to be in the Euro with this lot..?....how did they get in in the first place ...time for Germany to cut it's losses ...bite the bullet and admit they have to change track ...they have to stop ignoring logic..... :rolleyes:

Share this post


Link to post
Share on other sites

The elite shall be granted safe passage.

pray they bought BTC yesterday

Share this post


Link to post
Share on other sites

http://www.zerohedge.com/news/2013-04-10/cyprus-suspends-probe-who-withdrew-money-early

'In a day full of stunners, we next get news from Cyprus, where a few weeks after the start of the "investigation" into who pulled their cash out of the country's doomed banking system in advance of the confiscation news on March 16 (and where even the current president was implicated in transferring over €20 milion in family money to London) the parliamentary committee tasked with tracking down the leaks, has suspended its probe.

As it turns out, it was "all the central bank's fault", which was charged with providing the data. The head of the Cypriot parliament's ethics committee, which was due to look into a list detailing transfers of more than 100,000 euros from the two major banks - Bank of Cyprus and Cyprus Popular Bank - said on Tuesday that the list fell short of what he had requested. "It was with great disappointment and anger that, when we opened the envelope, we realized it contained data for only 15 days even though we had asked for a year," lawmaker Demetris Syllouris told reporters. "This kind of behavior is unacceptable."

This "kind of behavior" also provides a very convient alibi for all those members on the committee who may have incidentally been among the lucky ones channeling funds while the banks were still subject not subject to capital controls. Them, or those who have been generous enough to provide "lobby" funding in order to quickly and quietly crush the inquiry.

But it gets better. Apparently the reason the central bank limited the list to only those who transferred funds in the two weeks prior to the Cypriot bank default, is that it would result in a "huge volume of information" - something the central bank believed the parliamentary committee would never be able to handle.'

you gotta love it.

LOL!

Share this post


Link to post
Share on other sites

They should learn to spin.

15/365 * 100 = 4.1%

The probe achieved a 4.1% success. SPIN --->

Hmm, OK, so they actually received a report, better than none, thus the probe was actually a 100% success.

Bonuses all round. :)

Share this post


Link to post
Share on other sites

I checked with my Uncle how he was tipped off.

Someone, not particularly high up in the bank told their mum, then she told all her friends, including my Uncle :)

He has all his money under the bed now.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.