Tax Evasion Nails Ex-Bank Chief

NICOSIA – A former governor of Cyprus’s Central Bank was sentenced to five months in jail on Oct. 27 on charges of evading tax on earnings following his retirement.

Christodoulos Christodoulou, who led the Cypriot central bank for five years prior to his departure in 2007, had pleaded guilty to failing to declare revenue of a consultancy he jointly owned with his daughter, Reuters reported.

He was charged with failing to report in a timely manner a revenue of 1 million euros from a Greek businessman. He said the sum was an up-front payment for consultancy services, and tax on the amount was later paid following a formal investigation.

Christodoulou worked his way through the ranks of the Cypriot civil service and was finance minister between 1994 and 1999. As Interior minister, he earned the moniker Mother Teresa for giving poor people state handouts with TV cameras in tow.




NICOSIA — Cyprus has assisted in rescue of a small wooden boat crammed with more than 300 migrants that was floating adrift 203 kilometers (126 miles) west of the island nation, a Cypriot official said Tuesday.

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A pregnant woman was driving in the HOV lane near Dallas.

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FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

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NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Bam! NASA Spacecraft Crashes Into Asteroid in Defense Test

CAPE CANAVERAL, Fla. — A NASA spacecraft rammed an asteroid at blistering speed Monday in an unprecedented dress rehearsal for the day a killer rock menaces Earth.

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