Belarusian Businessman Claims Former Cyprus President’s Family Held Firms For Him

An investigative report outlines Belarusian businessman Chyzh’s efforts to regain control of Cypriot firms Welgro Services and Profax Investments amid the bankruptcy and restructuring of his Triple Group/TriplePharm holdings, while highlighting the roles of Cypriot corporate service providers and a law firm associated with former president Nicos Anastasiades. It describes claims of ultimate beneficial ownership, related-party transactions including a large 2011 loan from Mabor to Bertament and significant petroleum re-export turnover, as well as ongoing litigation and denials of impropriety from involved parties.