Monks Suspended Amid Financial Misconduct Probe, Liturgical Acts Barred

Bishop Isaias of Tamassos has indefinitely extended the suspension of Abbot Nectarios and Monk Porphyrios of the Saint Habakkuk monastery due to an ongoing case involving alleged financial improprieties and misconduct. The two monks were initially suspended in connection with an ongoing case involving the monastery. While the initial suspension period was due to expire recently, it has been extended until the Church of Cyprus’ Holy Synod and Synodal Court complete their investigation.

Church Authorities Take Decisive Action

According to philenews, the indefinite suspension is based on the Church’s Charter and has been formally communicated to the monks. The notification states that the monks are barred from performing any liturgical acts until a final decision is reached by the Church authorities. This effectively continues the suspension until a definitive ruling is issued by the Church authorities.

Allegations and Accusations

The Saint Habakkuk Monastery scandal centres around alleged financial improprieties and misconduct. The monks face accusations of money laundering, fraud, and obtaining money through false pretences. A large sum of undeclared cash was reportedly found on the premises, raising suspicion about its origin.

Legal Defense and Denials

The monastery’s lawyers have vehemently denied all accusations, calling them “fabricated” and stressing the legitimacy of their financial operations. They argue that the charges are baseless and aim to tarnish the reputation of the monastery and its clergy.

The case continues to unfold as the Church’s judicial bodies delve deeper into the investigation. Until then, the monks remain in a state of suspension, awaiting a final verdict from the Church authorities.

Bishop Isaias of Tamassos has indefinitely extended the suspension of Abbot Nectarios and Monk Porphyrios of the Saint Habakkuk monastery due to an ongoing case involving alleged financial improprieties and misconduct
Bishop Isaias of Tamassos indefinitely suspended Abbot Nectarios and Monk Porphyrios due to allegations of financial misconduct and breaches of ecclesiastical duties. The ongoing investigation aims to uncover the extent of these violations and ensure accountability within the churchs administration.

Can Bishop Isaias of Tamassos provide updates on the investigation into alleged financial improprieties and misconduct?

Send a request and get a free consultation:

Business Cyprus News, Digging Deeper: Uncover insights on this subject

July 2025
Cyprus Economic Growth Indicator Stable in June Amid Lease Trends
The year-over-year growth rate of the Cyprus Composite Leading Economic Index remained stable in June. This stability is attributed to opposing trends within the economic indicators. The University of Cyprus noted these findings in their monthly report, highlighting the importance of lease agreements in the market.
Tourism Sector Sees Growth with New Hotel and Entertainment Leases
A surge in investment for tourism development, including hotels and entertainment venues, is underway. Efforts focus on upgrading staff, food, and service quality. Tourist arrivals have increased by 8% annually, supported by favorable planning policies. Leasing opportunities are also expanding.
Businesses in Cyprus Seek Lease Adjustments Amid Heatwave Challenges
A major tech firm has signed a 10-year lease for a new office space in downtown San Francisco. The move aims to accommodate the company's expanding workforce and foster innovation. This strategic decision reflects the firm's commitment to growth and its confidence in the city's business environment.

Navigating tax deadlines

  • Income tax deadline
  • Personal tax deadline
  • Tax submission date
  • Tax return deadline
    Thanks for the apply!
    We will get back to you within 1 business day
    You can schedule a call time at your convenience now:
    In the meantime, you can get a free consultation
    with our AI-assistant