The Council of Ministers has accepted the resignation of the Chairman of the Board of Directors of Cyprus Airways Tony Antoniou.
According to an official press release, issued here Saturday, the Council of Ministers was briefed on Friday on the conclusions of a report by the Permanent Secretary of the Ministry of Finance in relation to allegations against Antoniou.
The conclusions indicate that Antoniou had not acted in a fraudulent manner nor did he act with intent to obtain personal gain.
The report establishes that due to misinterpretation of the relevant article, the appropriate procedures for assigning projects had not been adhered to fully, the press release says.
“In spite of the recognition of Mr Antoniou`s significant contribution during his term in office, the Council of Ministers decided to accept the resignation submitted to the President of the Republic,” the press release adds.
