Investigation into the Cyprus – Crete Electrical Interconnection
The investigation by the European Public Prosecutor's Office relates to possible criminal offenses concerning the electrical interconnection project between Cyprus and Crete, involving politically exposed persons in Cyprus and officials from the European Commission. Allegations have been made that officials promoted the EuroAsia Interconnector investment project for personal gain through securing substantial funding from the EU. The funding reached 658 million euros, the largest ever allocated for such projects. The circumstances surrounding the approval of an investment proposal by a private entity lacking necessary expertise are also being examined. This investigation could have significant political implications in Cyprus and the European Union.