Philenews

Cyprus President Under Fire Over Alleged Money Laundering Scheme

Published January 11, 2026, 07:16
Cyprus President Under Fire Over Alleged Money Laundering Scheme

The President of Cyprus is facing criticism over the country's alleged role as a money laundering hub, with references to videos showing his associates discussing ways to circumvent legal limits on campaign donations. The government responded by characterizing the videos as a product of editing and hinting at the involvement of Russian services. However, the author expresses his belief that the videos are indeed edited, pointing out specific missing elements that would be expected in authentic material. At the same time, he refers to statements by a company official describing a close relationship with the President, which reinforces the feeling that the case is complex and requires careful handling. The author calls on the President to exercise restraint and avoid extreme actions.