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Cypriot president angrily denies claims family member exported bank funds

From guardian.co.uk

Cyprus president Nicos Anastasiades is under fire after reports emerged that a company run by a member of his family withdrew deposits from the island state ahead of its bailout. A Cypriot TV station has published a list of more than 100 savers alleged to have transferred money out of the country before the rescue deal, which imposed heavy losses on wealthy depositors in Cypriot banks. The reports suggest that A Loutsios & Sons Ltd – said to be co-owned by Anastasiades' son-in-law – transferred €21m (£18m) from Laiki Bank in the week running up to the bailout. The money was then moved to London, according to ... (full story)

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