The Cyprus Tax Office is investigating a former minister, George Lakkotrypis. He was the minister for energy, commerce, and industry. The investigation looks into claims of money he did not report. It also checks if he followed rules for jobs after being a minister. Authorities are also checking his lobbying activities. This investigation started after a scandal called "videogate."
The inquiry is looking closely at money Mr. Lakkotrypis got for consulting. A main question is if he paid Value Added Tax (VAT) for this money. The authorities are also checking if he followed rules about working for private companies. These rules often require a waiting period and official approval.
The "videogate" scandal led to the investigation. Secret recordings showed Mr. Lakkotrypis talking about payments. He said he received €15,000 for energy consulting. People involved in the scandal were mentioned. It was said that payments were made in cash. However, Mr. Lakkotrypis said he was paid by bank transfer. Tax officials are checking his income reports and VAT payments.
Former ministers must get special permission for new jobs. These jobs must be related to their old government work. They need approval from a committee. This rule is for two years after they leave office. Mr. Lakkotrypis stopped being a minister in July 2020. The investigation covers work he did over several years.
The Tax Commissioner said they will examine all issues that become public. The results of this audit could be serious. If undeclared income or unpaid VAT is found, Mr. Lakkotrypis could face big fines. He might have to pay three times the tax owed. He could also go to prison for up to three years.