Rolandis insists EAC board must resign

MINISTER of Commerce, Industry and Tourism Nicos Rolandis is still adamant that the board of the Cyprus Electricity Authority should resign.

Speaking after yesterday’s cabinet meeting, Rolandis said he found the Board’s 350-page apology insufficient.

The EAC board sparked controversy when it purchased Church land for its Limassol headquarters at well over the market price. Rolandis later intervened to force the cancellation of the deal.

A decision was not reached on the future of the Board yesterday, as not all Ministers had had the opportunity to read the apology and were therefore unable to vote on the issue.

A special cabinet meeting is scheduled for Monday when a decision is to be made.

Speaking on allegations of improper use of funds during renovations at the Nicosia Hilton Hotel, Rolandis said the issue should be cleared by the end of this month. He said the Council of Ministers had every right to order the Hilton board’s resignation, as the Hilton is a limited company, in which the government has an 80 per cent stake.

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