A taste of their own medicine

Sir,

I have very little sympathy for Lycourgos Kyprianou and his well-dressed wife. Freezing their bank accounts may give them a taste of what it was like for the 6,000 investors in AremisSoft who lost small and large fortunes in his company. Many AremisSoft investors, in fact, have not been able to live in the manner to which they were accustomed: some retirees have had to go back to work; other defrauded investors have suffered nervous breakdowns or contemplated suicide.

The arrogance of this man (who once claimed he didn’t need money because he already owned the largest house in Cyprus) is astounding – and matched only by his apparent greed and total shamelessness.

Furthermore I find £4,000 per month for clothing a bit excessive. (Maybe clothes are one thing they never learned to launder.)

I hope the courts in Cyprus will ensure that justice is served.

An AremisSoft Investor

Name withheld upon request

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.