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Society

Cyprus’ Top Lawyer Seeks Criminal Probe in Bank’s Demise

NICOSIA (AP) — Cyprus’ attorney general’s office says it has asked police to launch a criminal investigation against officials whose actions contributed to the demise of the island nation’s Co-operative Bank.

The Attorney General’s Office said Friday its assessment of the findings of an inquiry into how the bank unraveled merits a criminal investigation.

Among the issues investigators are asked to look into are the actions of officials employed at 27 local Co-ops, the writing-off of millions worth of bad loans, interest rate overcharging, spending by executives, as well as a deal with a Spanish company to manage bad loans.

In its findings, the inquiry faulted senior executives for bad judgment, inaction and ineptitude in dealing with a mountain of bad loans, while blaming the finance minister for failing to take corrective actions.

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“We Got Our Miracle”: Freed Americans Back Home in Alabama

BIRMINGHAM, Ala. — Two US military veterans who disappeared three months ago while fighting with Ukrainian forces against Russia arrived home to Alabama on Saturday, greeted by hugs, cheers and tears of joy at the state's main airport.

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