Lillikas says he and his wife worth a combined €4m

PRESIDENTIAL candidate Giorgos Lillikas earned around €115,000 last year, while he and his wife are worth a combined €4m, figures disclosed by his election staff show.
According to a statement released yesterday – signed by accounting firm G. Josephakis Audit Ltd – Lillikas’ income was €19,500 in 2009, €72,704 in 2010 and €115,923 in 2011.
The 52 year-old has no deposits in banks. His assets include a residence and plot of land in his home village of Panayia, Paphos, with a market value (1980 prices) of €1,879 and €34, respectively.
In the statement, Lillikas urged his fellow candidates to publish details of their finances “in the interests of transparency.”
Lillikas owns a car purchased for €47,841, stock in a private limited company purchased at €3,000, and stock in public listed companies worth €32,114.
He owns stock worth €26,136 in Arch Capital Group Ltd, the statement noted, specifying that the amount is remuneration for his services as managing consultant with the company.
His wife Barbara had revenues of €81,017, €52,553 and €52,553 for the years 2009 through 2011. She holds Bank of Cyprus securities of a market value of €22,724.
The couple have jointly taken out a loan of €493,337 from the Strovolos co-operative bank, and another loan (again jointly) from Popular Bank worth €373,744.
Mrs. Lillikas has around €1m deposited with Popular Bank, of which €854,000 came from the sale of immovable property in Mosfiloti in 2008. Additionally she has borrowed €967,920 from Marketway Ltd, a company she owns.
The candidate’s spouse owns a plot of land and a residence on the same plot in Geri, purchased for €109,137 and €1,216,579, respectively. Mrs. Lillikas also owns a plot of land and buildings on the same plot at Neo Horio Pafou, purchased for €341,720 and €550,000, respectively.
She further owns one-sixth of immovable property in New York purchased for €231,844, a car purchased for €58,067, and has stock worth €47,841 in a private company and shares worth €39,006 in public listed companies.
Back in October AKEL-backed candidate Stavros Malas published his personal finances although the data provided could not be described as detailed. DISY leader Nicos Anastasiades has yet to disclose his assets, but has promised to do so.

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