Three Russians Who Got Cypriot Passports Charged With Tax Evasion

Three Russians who were given Cypriot residency permits and the valued European Union passport are facing charges of evading more than 800 million euros ($858.12 million) in taxes in their homeland.

The disgraced Citizenship by Investment Program (CIP) — a scheme that rewarded applicants with passports in exchange for a qualifying investment of 2.2 million euros ($2.36 million) was ended on Nov. 1, 2020.

That was after revelations it was largely used by rich foreign criminals and money launders to hide their wealth on the island that was fighting a reputation as being a haven for them, which still persists.

The Italian site Rai3 said a criminal investigation in Russia led to charges against the three – Roman Alexandrovich, Kazorin Sergeyevits and Karskov Sergeyevits, authorities believing they were beneficiaries of the 1Xbet betting company, which they denied.

There weren’t any indications of a connection between them and the company but the company appears to be chanelled to Cyprus through a labyrinth of money trails, said Philenews of the report.

The 1XBet webpages operating in Canada and Brazil are owned by two Curacao-based business entities, which are managed by two Cyprus registered enterprises, Klafkaniro Limited and Kassifoni Enterprises, the report said.

The Briansk district in Russia put the suspects on an international wanted list, accusing them of developing betting software at 1XBet and providing technical suport for its webpage, without the necessary licenses from the Russian Federation’s tax authority.


NICOSIA, Cyprus  — Cyprus said Saturday it’s suspending processing all asylum applications by Syrian nationals because large numbers of refugees from the war-torn country continue to reach the island nation by boat, primarily from Lebanon.

Top Stories


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

General News

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


New York Greek Independence Parade Honors 1821 and Grim Anniversary for Cyprus (Vid & Pics)

NEW YORK – The New York Greek Independence Parade on Fifth Avenue, commemorating the 203rd anniversary of the Greek Revolution of 1821, was held in an atmosphere of emotion and pride on April 14.

NEW YORK  — The historic hush money trial of Donald Trump got underway Monday with the arduous process of selecting a jury to hear the case charging the former president with falsifying business records in order to stifle stories about his sex life.

ATHENS - The New Democracy's ballot paper was presented at a special event at the Athens Auditorium on Monday.

JERUSALEM  — Israel’s military chief said Monday that his country will respond to Iran’s weekend attack, but he did not elaborate on when and how as world leaders urged Israel not to retaliate, trying to avoid a spiral of violence in the Middle East.

FRANKLIN, TN – After the amazing success of first two Annual Greek Adoptee Reunions in Nashville, TN, in August 2022 and in their homeland of Greece in October 2023, Greek-born adoptees are poised to converge on Louisville, KY, for the Third Annual Greek Adoptee Reunion, June 20-22.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.