If we go, we don’t know where the kids will end up. I have my doubts but I want to stay in their good books.” His wife and daughter also died, and now the grandparents are the guardians of a 15-year-old girl. One grandmother lost her only son in the plane crash.
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Though a portion of the money is being returned to his grandchild, deep down, he doesn’t believe he’ll get any more back. “Whatever you say to them, they’re not moved by anything.” “Did you see any of the higher ups have their personal deposits shaved off? The president, his ministers, the archbishop? Tell me one that lost money.” Now in his mid-sixties, he and his wife after their 14-year-old grandchild, orphaned after the crash, he asks the question so many asked in the aftermath of the haircut.
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He lost his son, daughter-in-law and granddaughter in the crash. Some relatives, glad to see at least a portion of their lost money returned, would only speak to the Sunday Mail on condition of anonymity, as they said they’ve had too many upheavals and didn’t want to risk causing an upset that might hinder the process.īut George Nicolaou is quite prepared to go on the record. The money is being paid in five equivalent installments, starting from 2016, with the exception of amounts below €25,000, which were paid in one installment at the time.Īmounts from €25,001 to €50,000 were paid in two equivalent installments, one in 2016 and one in 2017. They weren’t business persons,” one guardian of an orphaned child told the Sunday Mail.Īfter a long battle, the cabinet in September 2016 decided to partially compensate the Helios victims that lost their insurance money, providing €3m in assistance.īut this is just about a third of the €8.8m that was shaved off and was distributed among 37 recipients, nine of whom were minors and the remaining 28 who were orphans over the age of 18 and other relatives. These are people that should be protected, we’re talking about kids. “I didn’t expect they’d shave off money from underage children.
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Like everyone else, those children who had their money with Bank of Cyprus in March 2013 lost 47.5 per cent of their deposits in excess of €100,000 while those at Cyprus Popular Bank, or Laiki, lost all their uninsured deposits. The orphans have since been brought up by their grandparents, some of whom deposited at least a proportion of the children’s compensation money of around €1 million each with either the Bank of Cyprus or Laiki.