Cyprus president criticizes Central Bank chief over possible conflict-of-interest situation

Industries Associated Press

Cyprus' president has strongly criticized the bailed-out country's Central Bank chief for not disclosing details of her daughter's job, which may have embroiled her in a possible conflict of interest.

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President Nicos Anastasiades says Chrystalla Georghadji never told him before being appointed that her daughter worked as a lawyer at her ex-husband's law office. The office represented Andreas Vgenopoulos, the former head of Cyprus' second largest bank, Laiki Bank, which collapsed after the country's multibillion-euro rescue deal last year.

Anastasiades said Friday that he won't "tolerate or give cover" to anyone abusing his trust.

Georghadji, Cyprus' former auditor-general, took over in March from Panicos Demetriades, who quit after Anastasiades accused him of botching the country's bailout talks.