Investors group resignations

TAKIS Cole, chairman of the investors association PASECHA, and four other members of its council stepped down yesterday, according to a television report.

The PASHECHA council yesterday convened to give its response to what it called “defamatory accusations against Cole”.

Four members, Andreas Antoniou, Kyriacos Padjiaros, Louis Constantinou and Kikis Pastellides, vowed before the marathon meeting that they would resign to express their support for the chairman. The four investors also spoke of “a member of the council who served other interests than those of PASECHA.”

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