Broker jailed for stealing from pension fund

Hefty seven-year sentence aims to stamp out new breed of financial crime
HIGH-PROFILE stockbroker Yiannos Andronikou was yesterday jailed for seven years for stealing almost £5 million from a pension fund belonging to the Electricity Authority of Cyprus (EAC).

Boy dies from injuries

A BOY of six, who was hit by a car while crossing the street in Limassol last week, succumbed to his injuries yesterday at Nicosia General Hospital.

News flash from the political cyber-front

Presidential election unlikely to be fought on line as candidates struggle to get websites started

THE Cyprus Mail was yesterday alerted to a website called, referring to the candidacy of presidential candidate Demetris Christofias.

Man held for dealing cocaine

A MAN is in police custody after selling 300 grams of cocaine to an undercover police officer in Nicosia on Monday night.

The 25-year-old suspect, a Syrian who is married to a Cypriot and lives in Strovolos, was yesterday remanded in police custody for seven days and is currently under investigation for illegal possession of drugs with intent to sell.

New loan rules cooling down the property market

THE CENTRAL Bank has reduced loan financing for property purchases to 60 per cent in order to protect banks from a worrying increase in loans, the Central Bank (CB) Governor said yesterday.

Man jailed for driving despite ban

A NICOSIA man was yesterday jailed for 45 days after being caught driving despite receiving a driving ban five months before.

The 22-year-old had pleaded guilty to four charges of driving without a licence, insurance and road tax and violated a court ban on his licence.

European award for Troodos Mountains

THE Troodos Mountains have been named one of ten best rural tourist destinations under the “European Destinations of Excellence” (EDEN) award.

Cypriots last in Europe for cultural interests

CYPRIOTS say they don’t have enough money, time or interest in cultural activities, according to a Eurostat report published yesterday.
The figures show that Cypriots were last on the list for visiting a public library in the last 12 months and second last out of the EU 27 for having read a book in the last year.

‘Drunk sheep’ claims rubbished

CLAIMS BY a spokesman for animal breeders that sheep were “stoned” on a common herb and not suffering from suspected foot and mouth disease were rubbished yesterday by a plant and herb expert on the island.

“Foot and mouth is so easy to detect that if the veterinary tests say it’s foot and mouth disease, then it is,” said Alexander McGowan.