Monastery Under Financial Scrutiny
In a recent development, the tax department of Cyprus has turned its attention to the Osiou Avakoum monastery, a religious institution recently embroiled in a series of scandals. The department is meticulously examining the monastery’s financial records to ensure adherence to the nation’s tax laws.
According to the Cypriot News Agency (CNA), the tax department is not only scrutinizing the monastery’s compliance but also the financial dealings of individuals linked to the ongoing investigation. This move comes after the Holy Synod suspended five monks from their duties amidst allegations of misconduct and questionable economic transactions.
The scope of the inquiry includes an assessment of the monastery’s income sources and business operations. Concerns have been amplified following the discovery that, despite applying for a substantial €3 million fundraiser in 2020, the monastery failed to submit any subsequent financial statements as required by law. This fundraiser, approved by the Tamassos Bishopric, was intended for the expansion of the monastery’s facilities.
The situation has been further complicated by a series of other allegations against the monastery, ranging from financial improprieties to sexual harassment and abuse. The involvement of the anti-money laundering unit suggests the gravity of the matter. In a dramatic turn of events, a safe containing €800,000 was found on the premises, which was then moved under police supervision to the Tamassos Bishopric. Notably present during this transfer was Christos Christou, the leader of the far-right Elam party.
As investigations continue, the Osiou Avakoum monastery remains at the center of what appears to be an extensive scandal, with authorities delving deep into its financial and administrative practices. The outcomes of these investigations could have significant implications for the monastery and those associated with it.
