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THE CYPRUS STOCK EXHANGE SCANDAL PDF Εκτύπωση E-mail

Is this corruption or Negligence?

Are indeed the Cypriot members of the European Parliament pictured above with Hellenic Bank’s directors celebrating the condemnation of yet another investor?

Dear Respectable members of the European Parliament

The Cyprus Stock Exchange crime masterminded and executed by the Banks in 1999-2000 did not end there. Today, the Banks as the recognised prime criminal of the Stock Exchange Scandal, still remain unpunished by the Cyprus Judiciary and legislative system. The System, however, gives them the means and the right to lure innocent investors one after the other to courts and ruthlessly declare one household after the other bankrupt.

Hellenic Bank allies and supporters are the ex-Attorney General Mr Alecos Markidis and the Current Minister of Commerce Mr Antonis Pashalidis as their lawyers. The ex-President of the Stock Exchange Committee Dr Marios Cleridis as their consultant. The General Attorney is reluctant and does not dare to go ahead and examine the findings of the Stock Exchange Committee, in which Hellenic Bank’s High Officials performed price manipulation of their shares, during the period of adoption rights valued 130 Million Euros! The findings of the SEC can be found at http://www.hellenicbank.info.

Regrettably the Media refrain from publishing the facts or even referring to this matter as their financial interests will be hurt.-loss of advertising-!!!

Nothing has so far been done to stop the bankruptcy of innocent investors victimised by universal tolerance.

It seems that they are unable to stop the corruption on the political/economical System that is becoming a major social problem in Cyprus. We Ask for your HELP and PROTECTION as European Citizens!!! We are ready to provide all documents and information to anyone willing to HELP!


 

“Responsibilities Exist!

Legal and failure of applying their duties, as is the attitude of supervisory committees and involved institutions that did not apply the providences of law which existed and these applied providences, possibly they deterred these irregularities and illegalities.” (Tassos Papadopoulos, ex. President of Cyprus)

Result: The State has been inactive and even idle! All investment loans irreparably harmed, and several employees of the bank and investors had a painful compromise, or fight in court.

WE BEGIN!!!

To reveal the swindles and the networks, the scandals perpetrated by the Hellenic Bank, CYPRUS

How Alecos Markides, the ex-Attorney General, who buried the Stock Exchange Scandal, has become the investor’s persecutor and the bank’s counsel

How Marios Clerides, the ex-Chairman of the Securities and Exchange Commission, concealed the fact of the manipulation of the shares of the Hellenic Bank and went to obtain a high post. http://www.hellenicbank.info

Subject: Price Manipulation of the price of Hellenic Bank (Cyprus) shares, during the period of adoption Rights

Participants: Giannis Kypri (Chief Financial Officer Bank of Cyprus) Panos Galanos (Chairman of the Greek Bank), George Karageorghis (Director of Stock Exchange Transactions - Hellenic Bank), Marios Clerides (Director Risk Management - Hellenic Bank), Marios Soupashis (Stockbroker, CISCO, Bank of Cyprus), Stavros Agrotis (Director  of CISCO, Bank of Cyprus).

Purpose: Introduction of pre-emptive rights of Hellenic Bank (Rights), and aim to raise 76 million pounds (around 130 million euros)

Methods:

Panos Galanos - In various press statements that the prices on the Cyprus Stock Exchange are undervalued.

George Karageorghis, Marios Soupashis Stavros Agrotis, Giannis Kypri - Manipulation of shares, as evidenced in the findings of the Cyprus Exchange and Security Commision.


George Karageorghis - Providing illegal investment loans (contrary to the directives of the Central Bank) and after manipulation for support and unloading of shares to unsuspecting investors.

Loans to employees of Hellenic bank with supposedly favorable conditions for purchase of shares.

Laundering:

Marios Clerides - was appointed to the Cyprus Securities and Exchange commission to covered the scandal.

Alekos Markides - then Attorney General despite repeated complaints criminally neglected. After he was appointed lawyer by Hellenic bank to prosecute investors.

Proof:

Finding committee of the Cyprus Security and Exchange Commission, as shown on the website www.hellenicbank.info



WE DEMAND – The FREEZE of ALL legal processes against the investors until the complete investigation of the Scandal!

The manipulation of the price of the Hellenic Bank shares during the period of the issue of Rights

fraud_cover.jpgParticipants:  Giannis Kipris (Chief Financial Officer of the Bank of Cyprus)
Panos Galanos (President of the Board of Directors of the Hellenic bank)
George Karagiorgis (Manager of Securities Transactions of the Hellenic Bank)
Marios Clerides (Manager of Risk Management of the Hellenic Bank and later, Chairman of the Cyprus Securities and Exchange Commission)
Marios Soupashis (Stockbroker, CISCO – Bank of Cyprus)
Stavros Agrotis (Director of CISCO – Bank of Cyprus)
Alecos Markides (Attorney General of the Republic of Cyprus and later lawyer of the Hellenic Bank)


Purpose: The placement of Hellenic Bank pre-emption rights (Rights) with the ulterior motive of raising 76 million Cyprus pounds (around 130 million Euros)


Methods:    Panos Galanos – By making various statements to the press saying that the prices on the Cyprus Stock Exchange are undervalued.

George Karagiorgis, Marios Soupashis, Stavros Agrotis Giannis Kipris – Manipulation of shares, as becomes evident in the findings of the Cyprus Exchange and Securities Commission

George Karagiorgis – The giving of illegal investment loans (in breach of the Central Bank directives) during and following the manipulation in order both to support the shares and also to off-load them on to unsuspecting investors.
Loans to Hellenic Bank employees under supposedly favourable terms for the purchase of shares


The Cover up: Marios Clerides – Was appointed Chairman of the Cyprus Securities and Exchange Commission and covered up the scandal

Alecos Markides – Was at the time the Attorney General, and despite repeated complains he criminally neglected to take action.  He was then appointed by the Hellenic Bank as its lawyer to prosecute investors.


The Outcome: The State took no action then nor is taking any action now!  All the investment loans suffered irreparable damage, and several employees of the bank as well as several investors had either to submit to painful compromises or are giving legal battles in Court.


Evidence: The findings of the Investigating Committee of the Cyprus Securities and Exchange Commission, as shown on the website www.hellenicbank.info