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Eroglu’s personal wealth in the spotlight

16 April 2015

Revelations of the details of President Dervis Eroglu’s personal wealth on Bayrak television on Tuesday evening, has caused a flurry of reactions in the press.

Responding to a question by Huseyin Ekmekci, Chief Editor of TRNC daily ‘Havadis’, Eroglu said that he has a house in the Kizilbas area in North Nicosia, where he is currently living, a plot of land in Kizilbas, North Nicosia that belongs to his spouse, a house in Famagusta where he also resides, a plot of land next to the house acquired with “points of equal value” [Land of equal value swapped for land in the South], a plot of land at Agios Loukas area acquired with “points of equivalent value”, four apartments and a shop built on a plot of land at Agios Loukas area acquired with “points of equivalent value” in Famagusta, and a plot of land in Kyrenia.

He also has:

600 thousand Turkish liras (TL) in Cooperative Central Bank

462 thousand TL in Iktisat Bank

410 thousand TL in Vakiflar Bank,

275 thousand pound sterling in Vakiflar Bank,

407 thousand US dollars in Vakiflar Bank,

A BMW car model of 2008 and a plot of land in Famagusta purchased before 1974.

Eroglu defended himself saying that “God willing I will buy a 2015-model car” and that everyone in the country seems to have a house and a car.

Turkish Cypriot daily ‘Halkin Sesi’ also published an article on its front page under the banner headline “Where did this wealth come from?” writing that Eroglu refrained from saying from where he had acquired this wealth. Noting that Eroglu argued that this wealth is his earnings from his 40-year long political life and that the majority of this property is acquired as a return of “points of equivalent value”, the paper comments that it is unconvinced by this statement.

Havadis and Halkin Sesi

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