Cyprus inquiry into failed bank hears conflicting allegations

Inquiry told of strong political influence over Co-op Bank


An official inquiry into the collapse earlier this year of one of Cyprus’s largest banks has had its time for publishing its report doubled as a series of witnesses make increasingly complex allegations.

The Cyprus Co-operative Bank collapsed in March this year, having received two recapitalisations from Cyprus’s government in 2014 and 2015, together worth approximately €1.7 billion ($2 billion).

Georgios Arestis, a former judge at the European Court of Justice and Cyprus’s Supreme Court

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