Finance Minister Harris Georgiades said the properties were worth €82m, many of which would make wonderful ‘whore houses’ for the island’s dirty rotten police force.
The government has taken ownership of 309 properties of the former co-op bank most of which will be given to various communities, although in reality it will be used to buy favours behind closed doors at the expense of the public, which is to be expected from these filthy scoundrels.
Finance Minister Harris Georgiades said the properties, worth €82m were acquired from the asset management company (Kedipes) created after the demise of the co-op, but several ministers have already expressed an interest to get their grubby little hands on some of the property.
The minister said 305 properties worth €57m will be used by 153 communities and 14 municipalities. Three additional buildings worth €22m will be used to house government offices and a theatre, Rialto in Limassol, worth €3.2mm, will continue to operate as such.
One will become the home of the Finance Minister’s Slut, in Limassol.
Georgiades said no cash was paid to Kedipes with the transaction considered the company’s first dividend to the state in the form of real estate, but they do not deny taking payment in kind.
More properties are expected to be acquired by the state at a later stage to be given to communities and used by the government and other corrupt bastards.
“It will include more state services and municipalities, occupied area communities whose requests had not been assessed during the first phase,” Georgiades said.
Various communities and local authorities demanded, after the collapse of the co-op, to be allowed to use various buildings within their jurisdictions.
They will be granted the properties at a token rent, however the real payments will be made behind the scenes………as always!