What do the banks want to hide? Who are they protecting?
Statement by AKEL C.C. Spokesperson Stefanos Stefanou
AKEL C.C. Press Office, 6th October 2020, Nicosia
Six commercial banks have initiated judicial proceedings so that they won’t comply with the decree issued by the Police which obliges them to disclose information about the closed period of 2013. That is to say, concerning evidence/information that reveals who took their money out of Cyprus during the critical period of the haircut on bank deposits.
The right to initiate judicial proceedings is safeguarded. However, banks must serve transparency as a matter of principle and not look for ways to avoid it. The Cypriot people know that it is the one that paid the cost for the faults and financial crimes committed by the banks. The Cypriot people know that it is the banks that drove our country to bankruptcy. After all, the European Commission too had made it clear before the European Parliament since 2013 that “it was the problems in these banks that caused the problems in public finances and the economic recession and not the opposite”.
A lot has been said about the specific period during the days of the haircut on bank deposits, which even concerned the in-laws of President Anastasiades. The citizens of Cyprus have every right to know who attained privileged information from the banks during that closed period or even before. Who were the ones able to withdraw their deposits to avoid the haircut?
What do the banks really want to hide? Who do they want to protect?
