On the meeting held on Wednesday, the House Audit and Finance Committees have unanimously decided on the procedure they will adopt for the investigation of the CSE scandal.

According to the announcement issued unanimously by the two Committees, the procedure will be based on the relevant memo prepared by the General Manager of the Parliament, Costakis Christoforou, which includes:

First: The government is requested to enforce a law for the establishment of a Legal Relief Fund, so that investors are able to claim their rights from the court.

Second: The government is requested to examine the issue and take the proper measures against the political responsibilities and the omissions of the previous government.

Third: The government is requested to precipitate the amendment of the existing legislation, safeguarding the normal operation of the CSE.

Fourth: The Investigation Committee is requested to precipitate the issuance of either the conclusions or the interim reports on matters, whose investigations have been completed.

Fifth: The Legal Service is requested to prepare the relevant report on the CSE issues.

Sixth: The Securities and Exchange Commission is requested to submit the report on the investigation it has carried out.

According to the same announcement, the investigation will concentrate in: (a) Prospectuses, (b) deceit of investors (c) price fixing (d) Collection of cash in advance aiming at their flotation in the CSE.

The two Committees will meet in camera, so that they are not affected negatively by the legal and disciplinary procedures to follow.