Sizopoulos Case: Referred to Attorney General with Corruption Indications

The Independent Authority Against Corruption has referred the case of MP Marinos Sizopoulos to the Attorney General, following a complaint by former MP Giorgos Varnavas.

The investigation, published on September 12, 2025, concerns Mr. Sizopoulos' involvement in corporate and financial transactions related to the company TAXAN Properties Developers Ltd, within the framework of the Cyprus Investment Program for exceptional naturalizations.

According to the findings, two different sales contracts for TAXAN shares were identified, with different amounts (€2,025,000 and €1,600,000). The first was used for the citizenship application, while the second was presented to the bank for loan restructuring.

The Inspection Officers concluded that there are indications of possible serious offenses, including fraud, forgery, and conspiracy to defraud, and that these acts contain elements of corruption.

The Authority unanimously adopted the Report and forwarded the case to the Attorney General.