The President of Cyprus, Nicos Anastasiades, has dealt with the alleged tax irregularities attributed by the “Pandora Papers” to a law firm he founded and wanted to make it clear through his office that he could not link to illegal activities.
The investigation of the International Consortium of Investigative Journalists links the company Nicos Chr. Anastasiades Partners with the concealment of funds of the former Russian Senator Leonid Lebedev by mailbox companies, according to an advertisement from a Panamanian company.
The Cypriot president himself has assured in statements to The Guardian, one of the media outlets that published the documents, that he distanced himself from the management of the company when he started leading the political opposition in 1997 and that he as early as 2013 sold all promotions at the time of reaching the presidency.
Anastasiades’ office has issued a statement insisting that the president has no “objections” as it appears “clearly” in an investigation that precludes him from possible active involvement. He also recalled that the Cypriot government has been preventing letterbox companies from operating since 2018.
“Therefore, any attempt to reproduce unsubstantiated allegations has no other purpose than serving party political goals at the expense of the presidency and the country’s reputation,” the statement said.