BONDHOLDERS who lost money with ex Laiki Bank again heckled former Central Bank chief
Orphanides was met with shouts of "thief" and "traitor" as he showed up at Limassol district court with his lawyer. A water bottle was also hurled at the former top banker, reports said.
A Limassol resident has initiated the case against Orphanides as
According to the civil lawsuit,
The plaintiff is accusing Orphanides – along with former Laiki strongmen
The court on Monday rejected an earlier motion by Orphanides' lawyer to revoke the charge sheet.
The court said the charge sheet touched upon the substance of the case, and as such could not be adjudicated upon during the pre-trial phase.
The judges ruled also that Orphanides' case should be heard in tandem with the cases of Vgenopoulos and Bouloutas, who have been summoned to appear in court on
The trials of Vgenopoulos and Bouloutas have not yet started as the hearing of a request by their lawyers for proof of legally handing them subpoenas is pending and had been scheduled for
As such the court gave Orphanides permission to return to
Hundreds of bondholders in the island's major banks claim they were misled by the banks into putting their savings in high-yield securities without being informed of the risks.
The total amount put in securities is said to be around €1.4bn.
Send to Kindle
Most Popular Stories
- Steve Ballmer Files Six-Figure Counterclaim vs. Steve Gordon
- Creepers! Microsoft Buys 'Minecraft' Maker for $2.5 Billion
- Hispanic Buying Power Slow but Growing in South
- Back to School, Even in Immigration Jail
- Apple: Record iPhones 6 Orders on 1st Day
- U.S. Factory Output Slowed 0.4 Percent in August
- Is a Mayweather, Pacquiao Big-Money Fight Possible?
- Clinton: 'Fabulous to Be Back' in Iowa
- When to Say No to Investors, Yes to Mentors
- DOJ Launches Program to Thwart U.S. Extremists