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LETTER

Justice... crimes and Scandals

December 2013

Each day passing, a new scandal of brutal corruption emerges in high places to shock the nation. The current revelations reaffirm that the system in Cyprus smells of corruption to the core! Since the inception of the Republic no prominent figure has ever been locked up in prison for such crimes. It can only mean that, we are either a nation full of angels or simply scoundrels!

The Laiki bank scandal has been the biggest crime ever committed by both the EU, with our government’s consent and institutional corruption. The bank has been declared a "piggy-bank" where those with the right "connections" took millions in "shadowy loans" at 0.08% interest, while the rest of us were robbed by as much as 10-15% interest rates. Most of those "shadowy loans" were never to be paid back while others, were miraculously wiped off the books. Massive bonuses worth millions were handed out to "golden-boys" at the expense of depositors; one banker alone picked up a 3.3 million euros!

Dirty hands exchanged billions with other dirty hands and lived in luxury under one slogan: "…some for you…and some for me… keep your mouth shut… and, no-one will touch you!" That was the norm until the bubble burst, exposing (among many others) the Laiki scam; the hen that laid the golden egg has croaked!

Now, there are angry calls for transparency and justice - a little late indeed! But, that does not go far enough. When those responsible for ruining the country are locked up and their assets and cash are repossessed, only then justice will be seen to be done! If the prosecution and judicial system fails this time to clean out the stables, then we are incapable of governing this country. It is most shameful but sadly, the system is the true reflection of ourselves for tolerating injustice and corruption.

Andreas C Chrysafis

Author – Writer - Painter

CYPRUS

 

 

 

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