5 Minute News

Seizure of George Koumas' Assets Due to Charges

April 21, 2026

The assets of former president of the Cyprus Football Federation, George Koumas, worth €3.4 million, have been seized by a court order. This seizure involves properties and cash amounts in Cypriot bank accounts. Koumas faces 25 charges, including ones related to conflicts of interest and money laundering. If convicted, the seized assets will be confiscated for the benefit of the state. The former president is scheduled to respond to the charges in an upcoming court hearing.