Former Deputy Attorney-General Loukis Loucaides to Face Theft and Money Laundering Charges on October 20
Loukis Loucaides, the former deputy attorney-general and ex-judge at the European Court of Human Rights, will stand trial on October 20 facing two charges: theft by proxy and money laundering. The charges relate to €177,108.12 in compensation paid for the expropriation of a deceased woman’s property. The Limassol permanent criminal court adjourned the case on Monday to allow Loucaides’ lawyer to respond to the allegations and for further legal procedures.
Loucaides is accused of receiving compensation from the Limassol municipality for the expropriation but failing to transfer the amount to the estate administrator of the deceased. The claim was initially made in July of the previous year by the estate’s administrator. Loucaides denies all allegations, asserting the indictment is malicious and insisting he has not committed any crime. He maintains that he was authorized to pursue compensation on behalf of the estate and that changes in estate administration complicated the transfer of funds.
The prosecution has requested that Loucaides post bail of €50,000. The dispute originally dates back to 2008 when Loucaides was appointed to sue the municipality for failing to compensate the demolished property, leading to a court-ordered out-of-court settlement. Loucaides claims he intended to deliver the funds but could not trace the previous administrator; he awaits further developments before the next court hearing.
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