Typos

Koumas Case: "€6.5 Million in Proceeds from Illegal Activities"

Published February 20, 2026, 14:16
Koumas Case: "€6.5 Million in Proceeds from Illegal Activities"

Former President of the Cyprus Football Federation (CFF), Giorgos Koumas, will appear in court on February 26, 2026, following the filing of an indictment against him. The indictment includes 25 charges for potential conflicts of interest and money laundering from illegal activities, covering the period 2015-2025. The charges relate to collaborations with companies and organizations involved in sports, such as the CFF, the Cyprus Telecommunications Authority, Cablenet, GO PLC, the Nicosia Hippodrome Club, and the Cyprus Basketball Federation (CBF). Mr. Koumas is alleged to have maintained connections with these organizations through companies and associates, in violation of the Law on Combating the Manipulation of Sports Events and the Penal Code. The actions included in the indictment concern the production and live broadcast of sporting events, the management of television rights, and the exploitation of internet and mobile rights for football, basketball, and horse racing matches. Charges 24 and 25 relate to the offenses of money laundering from illegal activities, with the total amount of the disputed funds amounting to approximately €6.5 million. The defendants are Giorgos Koumas, as well as two companies under his control. The first company, in which Mr. Koumas was a shareholder and director, entered into agreements for the production and live broadcast of sporting events. The second company provided live streaming services, television rights management, and the production of sports programs. During the first appearance in court, a request for adjournment is expected to be submitted for the study of the evidence by the defense.

Share:
Read Full Article on Typos

You Might Also Like

Back to News