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Cyprus Political Scandal Erupts Over 'Secret' Investment Talks Video

Published January 8, 2026, 16:16
Cyprus Political Scandal Erupts Over 'Secret' Investment Talks Video

A video circulating on social media is causing a political uproar in Cyprus, allegedly depicting conversations between former Energy Minister Giorgos Lakkotrypis, Director of the President's Office Charalambos Charalambous, and businessman Giorgos Chrysoshoos with individuals presented as investors. The conversations appear to discuss ways to circumvent sanctions and engage in illegal funding. The video also references the operation of the Independent Social Support Agency, managed by First Lady Philippa Karsera-Christodoulidou. The video was posted by an unknown account on X (formerly Twitter) shortly after President Nikos Christodoulides took office, accompanied by comments alluding to 'shadow funds' and 'donations with quid pro quo'. The authenticity of the video is disputed, but it has sparked strong reactions. Giorgos Lakkotrypis has already filed a complaint with the police regarding the incident. AKEL General Secretary Stefanos Stefanou stated that the video raises serious institutional and political issues, demanding clear answers from the government. The President of the Parliament, Annita Dimitriou, expressed hope that the video does not reflect reality and called on the competent authorities to investigate the matter. The release of the video has triggered intense debate in Cypriot society and is expected to have political repercussions.