Nicosia, Cyprus. Former energy minister George Lakkotrypis is under investigation by the tax office following revelations linked to the videogate affair, with inquiries focusing on consultancy income and compliance with post-ministerial employment rules.
Tax audit launched after consultancy payment disclosure
The tax department launched an audit after Lakkotrypis acknowledged receiving €15,000 for energy consultancy services from individuals later revealed to be behind the covertly recorded video.
References in the footage to payments made “only in cash” raised concern, although Lakkotrypis has told police he was paid by bank transfer.
Tax authorities are examining whether the consultancy income was properly declared and whether value added tax obligations were met.
VAT evasion constitutes a criminal offence, carrying penalties of fines up to three times the amount owed, imprisonment of up to three years, or both.
The audit reportedly extends several years back and may be widened to include members of his family.
Tax commissioner Sotiris Markides said that “any issue within the department’s competence that comes to public attention is examined”.
Separate review of post-ministerial employment restrictions
In parallel to the tax probe, investigators are assessing whether Lakkotrypis breached legislation governing post-ministerial employment.
After resigning in July 2020, he was subject to a two-year hiatus requiring approval from an independent committee before undertaking private sector work related to his former portfolio.
Authorities are examining whether such approval was sought or granted.
What further details have authorities provided about the scope and timeline of the investigations?
