Simon Aykut's Son's Assets in Greek Cypriot Press

Fileleftheros newspaper, in an article titled "Foreigners Circumvent the Law and Buy All of Cyprus," reported that foreigners easily purchase land in South Cyprus, which drives up prices and affects local young couples struggling with housing issues.

The newspaper cited information it received and noted that the relevant law, which limits foreigners' property purchases, is being bypassed. Foreign nationals are currently purchasing property through legal entities, such as companies.

The issue has been discussed publicly multiple times, but it will now be addressed in a meeting of the Interior Committee of the Greek Cypriot Parliament. The proposal for a related draft law by DISY MP Nikos Yeorgiu will also be discussed during the meeting.

The meeting, scheduled for today, will be attended by officials from the Land and Surveys Department, the Ministry of Interior, the Legal Department, and the Registrar of Companies. The draft law aims to modernize the existing law and protect public interests.

Aykut's Son's Assets

In the same article, the newspaper provided information about the assets of Simon Mistriel Aykut's sons, 51-year-old Afik Yakov and 49-year-old Michael Mistriel Aykut. Simon Mistriel Aykut, CEO of Afik Group, is currently detained in South Cyprus, and arrest warrants have been issued for his sons by the Greek Cypriot authorities.

The newspaper reported that Afik Yakov owns an apartment in Larnaca valued at €121,300 (as of 2018), a carob field in Larnaca worth €245,000, another carob field in Kalavasos village valued at €321,000, two fields in the same region worth €228,800 and €240,000, respectively, and a field in Deftera village in South Nicosia worth €60,000. It was also noted that the apartment and the assets of Afik Yakov's company "LIOLIA Company Ltd" were seized.