Sigma Live

Faedonas Returns to Safe Deposit Box Issue - "Cash Circulating"

Published January 9, 2026, 07:17
Faedonas Returns to Safe Deposit Box Issue - "Cash Circulating"

Reactions have been sparked by a video showing the management of funds during President Christodoulides' 2023 election campaign and contributions to the Fund managed by the First Lady. The Mayor of Paphos, Faedonas Faedonos, indirectly accused those involved, referring to his previous warning about a "former Minister who bought a safe deposit box". Faedonos emphasized that he had pointed out that money does not only circulate through banks, but also in cash. He also criticized the "Social Support Fund" managed by the First Lady, accusing those responsible of pretending not to know the real situation. The video features the Director of the President's Office, Charalambos Charalambous, the former Minister of Energy, Giorgos Lakkotrypis, and the CEO of Cyfield, Giorgos Chrysoschos. Faedonos called for the publication of the names of donors to the Presidential Fund, arguing that anonymity in contributions should be abolished. If the Presidential Office does not agree, Faedonos proposes that the publication be imposed by law by the Parliament. He believes that the country is being humiliated and that society must finally learn to distinguish truth from misinformation. This case is expected to cause further political turmoil in Cyprus.