Israeli property developer Simon Aykut was on Friday sentenced to five years in prison, after having last week pled guilty to a total of 40 of the charges he faced related to the development and sale of Greek Cypriot property in the north.
The plea had been entered after a deal between the prosecution and the defence.
Of the initial 242 charges he faced, 60 are related to “fraudulent real estate transactions”, 60 to being in possession of stolen land, 62 to money laundering, and 60 to conspiracy to commit a crime.
More to follow…