Alpha News

“Missing” Half a Million Euros and the “American Investor”

Published January 19, 2026, 19:21

AKEL MP Christos Christofides is investigating the fate of €500,000 allegedly donated by an “American investor” to the state, but the Auditor General does not confirm the deposit. There are suspicions that contributions from investors were channeled to a specific entity, but the exact route of the funds remains unclear. The Auditor General is awaiting an opinion from the Attorney General to transmit to the House Institutions Committee the names and amounts of private donors to the Independent Social Support Agency. The data will be transmitted in a classified manner due to potential consequences from a possible leak. At the same time, the Auditor General has sent the recommendations of the Management Committee regarding the future of the Agency to the Minister of Labor, who will inform the Council of Ministers to take final decisions.