List Released With 132 Names Who Pulled Cyprus Deposits Ahead Of "Confiscation Day"

Tyler Durden's picture


With every passing day, it becomes clearer and clearer the Cyprus deposit confiscation "news" was the most unsurprising outcome for the nation's financial system and was known by virtually everyone on the ground days and weeks in advance: first it was disclosed that Russians had been pulling their  money, then it was suggested the president himself had made sure some €21 million of his family's money was parked safely in London, then we showed a massive surge in Cyprus deposit outflows in February, and now the latest news is that a list of 132 companies and individuals has emerged who withdrew their €-denominated deposits in the two weeks from March 1 to March 15, among which the previously noted company Loutsios & Sons which is alleged to have ties with the current Cypriot president Anastasiadis.

From Sigma:

Money transfers made within 15 days, namely from 1 until March 15. On Friday, March 15, had met the Eurogroup, which officially decided to impose a tax on deposits by companies and individuals in all financial institutions in Cyprus.


These 132 companies and individuals have withdrawn all deposits in euros, dollars and rubles, which were transferred to other banks outside Cyprus.


The disclosure of the list, which shows that the outflow of deposits from local banks other financial institutions outside Cyprus became massively raises suspicion that some had inside information about the decisions taken by the other 16 eurozone countries in exchange for financing deficits of the economy.


In listings, and the company is Loutsios & Sons Ltd, which carried 21 million deposit in a UK bank, while the owner of the company is alleged to have family ties with the President of the Republic, Nikos Anastasiadis.


The first column are names of companies and individuals in the second record of the amounts withdrawn in the third column refers to the amount withdrawn in the same currency, the currency in the fourth and the fifth and last column refers to the date of transfer.

So, ironically enough, in answer to our question from last week, "So Who Knew", the answer appears to be everyone.

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Mon, 04/01/2013 - 12:52 | 3396272 Charles Nelson ...
Charles Nelson Reilly's picture

hunt em' down and hang em'.

Mon, 04/01/2013 - 12:54 | 3396283 redpill
redpill's picture

Let the construction of individual biographies of each entry commence!  (This should get very interesting for us, very embarrassing for Troik, and fucking infuriating for the Cyps)

Mon, 04/01/2013 - 13:08 | 3396334 francis_sawyer
francis_sawyer's picture

Let's do some quick math, shall we?

<-- (here's the junk button for you dipshits out there)


Mathematically & Statistically speaking ~ only 1.32 of those names should have anything to do with jews... [Hell ~ I'll even be generous & round it up to "2"... Close enough for government work]...


Mon, 04/01/2013 - 13:39 | 3396417 BaBaBouy
BaBaBouy's picture

Typical Euro Shit From The Ruling EU Elitists ...

Do We Really Expect Better From Them ???

Huh ???

Mon, 04/01/2013 - 14:08 | 3396568 Pladizow
Pladizow's picture

Simply another 132 that will face NO consequences!

To: Francis_Sawyer - I didnt know "Limited" was a Jewish surname?

Mon, 04/01/2013 - 14:14 | 3396597 Troll Magnet
Troll Magnet's picture

Shit...I didn't know.  I was too busy buying gold.

Tue, 04/02/2013 - 01:14 | 3398398 TwoShortPlanks
TwoShortPlanks's picture

Page 1, Line #6, Electricity Authority of THAT'S funny!!!!

Are the Board of Directors walking around Cyprus with violin cases of Euros or something? LOL

Tue, 04/02/2013 - 01:21 | 3398416 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is remind of Joke - How can is prevent theft of violin?

Put in viola case!

(Boris daughter is learn viola, horrible sound)

Tue, 04/02/2013 - 07:55 | 3398795 Papasmurf
Papasmurf's picture

I was busy checking the keel on your boat.

Wed, 04/03/2013 - 10:24 | 3403079 Astraea
Astraea's picture

You should have been buying silver.     Theyhave all the gold and they will use it to their advantage but silver is less easily manipulated - or will be, it seems to me.

Mon, 04/01/2013 - 14:18 | 3396611 Pegasus Muse
Pegasus Muse's picture

Typical Euro Shit From The Ruling EU Elitists ...

Do We Really Expect Better From Them ???


Good to know, here in Amerika, we're "a nation of laws".   lol


Mon, 04/01/2013 - 14:34 | 3396659 eatthebanksters
eatthebanksters's picture

Of the 132 names can anyone tell us how many of them are government officials, bankers or the cronies who pay them the big bucks?  (my guess is that it would be 132).

Mon, 04/01/2013 - 14:44 | 3396700 francis_sawyer
francis_sawyer's picture

That synopsis still does not divert from the mathematics involved in my comment above... In fact ~ once could argue it ENHANCES it...

Mon, 04/01/2013 - 15:34 | 3396910 Pool Shark
Pool Shark's picture


I'm going to go out on a limb here and predict that not a single one of those 132 names is a Bangladeshi (even though Bangladesh is the 8th largest country with the 6th largest city (by population) in the world.

It's not simple demographics by % of population; it's where those people live. Like Brittons, Jews live all over the world; especially in nearby (ahem... Cyprus) countries.

I'll bet that a disproportionate bunch of those names are British citizens (even though UK is 22nd on the population list.

Nice try, troll...


Mon, 04/01/2013 - 17:07 | 3397126 francis_sawyer
francis_sawyer's picture

I'll agree with you 100%... There are ZERO 'Bangladeshi's' on that list [or associated with that list]... Now ~ what was your Harvard style debate point about again?...


While we're at it... "Sharia Law" does not allow for USURY... So let's exclude Muslims... Hindi's or Buddhists... I'm not sure about... But, population wise... Between Muslims, Hindis, & Buddhists, you'd have a great proportion of that list...

Why you DON'T, would completely escape my intellect... [based on your 'Bangladeshi' argument]...

Mon, 04/01/2013 - 17:20 | 3397340 MillionDollarBogus_
MillionDollarBogus_'s picture

Poll time...

The scenario - you control millions of Euros in a Cyprus bank account and you are told by a reliable source that a massive haircut is coming for the big account holders....

Give me a green arrow click if you move all of it to a safe haven ASAP....

Give me a red arrow click if you decide that leaving it there is the right thing to do....

Mon, 04/01/2013 - 17:29 | 3397370 Political_Savage
Political_Savage's picture

I'll uptick you on that one.

Greed is one of the seven deadly sins for a reason... it's self-preservation vs. the greater good. It's also human nature.

Mon, 04/01/2013 - 17:52 | 3397436 MillionDollarBogus_
MillionDollarBogus_'s picture

Is interesting to see the comments that vilify the account holders who moved the money to avoid the big hairct.

In that scenario, who here wouldn't do the same thing..??

Mon, 04/01/2013 - 18:11 | 3397491 Political_Savage
Political_Savage's picture

I'll admit it, if I was one of these people/companies and I saw what was in the pipeline... dine and dash, no problem. But I must also acknowledge there are consequences to my actions. If I was advised by someone I trusted, who had a guy, that knew a guy, that played squash with a guy the spoke Dutch/German, I would pull the trigger. But if I had provable inside info, I would have to weigh my decision. Of course, that would make me a bankster, thus immune. Still pull the trigger and lawyer up.

Tue, 04/02/2013 - 04:34 | 3398607 disabledvet
disabledvet's picture

what if you're the Prime Minister and you know that there is no way this will remain secret. have you violated an (albeit unwritten) trust between yourself and the voter? obviously the people transferring the money know who you are. do you then go back to your home country and say "vote for me...i've got this thing figured out now!"?

Mon, 04/01/2013 - 23:46 | 3398288 chump666
chump666's picture

I doubt ZH posters would get inside info and use of ECB and IMF money channels to shift money out of their bank accounts.  It's pure crony capitalism funded by The Fed and a forced tax (IMF) on US citizens.



Tue, 04/02/2013 - 00:29 | 3398356 fuu
fuu's picture

Just 4 fucking years dedicated to the insolvency gorilla in the room.

Tue, 04/02/2013 - 00:06 | 3398317 dunce
dunce's picture

If he those who were without sin cast the first stones, then it seems we have many holier than thou commenting here. I am not praising the capital exodus, and lament the poor shlubs that got caught in the trap.

Tue, 04/02/2013 - 00:13 | 3398337 dunce
dunce's picture

If he those who were without sin cast the first stones, then it seems we have many holier than thou commenting here. I am not praising the capital exodus, and lament the poor shlubs that got caught in the trap.

Tue, 04/02/2013 - 04:20 | 3398574 lewy14
lewy14's picture

@MDB, I will cop to the very human motivation of (capital) preservation.

Also the very human emotion of righteous indignation at inequity and corruption.

So the solution is very simple.

I would move the money.

Then I'd shoot the person who (criminally) passed me the word that the haircut was coming.

Hypocritical, but lucrative and satisfying.

[Never claimed to be a saint.]

Wed, 04/03/2013 - 10:32 | 3403119 Astraea
Astraea's picture

Imagine being a Mother or Father with little children to feed.     I would have to take the money and run because I would have to feed those children.    I would HAVE to.

Wed, 04/03/2013 - 10:34 | 3403132 Astraea
Astraea's picture

Imagine being a Mother or Father with little children to feed.     I would have to take the money and run because I would have to feed those children.    I would HAVE to.

Mon, 04/01/2013 - 20:25 | 3397838 lostintheflood
lostintheflood's picture

Give me a red arrow click if you decide that leaving it there is the right thing to do....


you pretty funny guy!

Mon, 04/01/2013 - 20:36 | 3397864 AllWorkedUp
AllWorkedUp's picture

 I upticked ya. I'd also would've put that money into gold. Apparently though they didn't buy gold. How do I know? The comex told me so.

 It's time for executions.

Mon, 04/01/2013 - 23:00 | 3398201 boogerbently
boogerbently's picture

The argument ISN'T whether you would do it, it's "who" got advance notice.

Tue, 04/02/2013 - 03:31 | 3398541 Caggge
Caggge's picture

A simple solution. Make the people who leaked the information pay the damages of their leak. Waterboard is not torture so I am sure you can get the names of the people who leaked the info.

Tue, 04/02/2013 - 05:45 | 3398648 disabledvet
disabledvet's picture

"that would be the whole City of London."

Mon, 04/01/2013 - 14:50 | 3396738 Not Too Important
Not Too Important's picture

I see ExxonMobil on there.

Mon, 04/01/2013 - 15:15 | 3396838 Irelevant
Irelevant's picture

Most likely some ZH readers on that list.

Mon, 04/01/2013 - 15:42 | 3396942 Crash N. Burn
Crash N. Burn's picture

 Its not like the Canadian government would pass a bail-in law, right?

page 145

"The Government proposes to implement a "bail-in" regime for systemically important banks. This regime will be designed to ensure that,in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital."



We're ALL Cypriots baby!

Mon, 04/01/2013 - 17:28 | 3397368 Ban KKiller
Ban KKiller's picture

Eric Holder dismissed law and order when he declared "banks are too big to prosecute". 

Mon, 04/01/2013 - 19:59 | 3397781 boogerbently
boogerbently's picture

HOW Cypriots respond to this is what will determine whether it is tried elsewhere (here).

Let's hope for LOTS of anti banker/politician vigilanteism.

Mon, 04/01/2013 - 21:37 | 3398003 smlbizman
smlbizman's picture

can cypris be considered the first plate to break because the plate spinin guy couldnt keep up?..if so the second one is not far behind, and than rapidly the guy just stops, for it is futile to try and keep up.....

Mon, 04/01/2013 - 13:21 | 3396419 Ahmeexnal
Ahmeexnal's picture

First hang their children and grandchildren while they watch, then hang them.

Mon, 04/01/2013 - 13:49 | 3396519 DaddyO
DaddyO's picture

I know a very famous sniper who says the same thing, shoot the wife and children then watch the suffering and gnashing of teeth.


Mon, 04/01/2013 - 13:52 | 3396526 cifo
cifo's picture

This must be prank article for today (Apr fools' day).

Mon, 04/01/2013 - 15:49 | 3396991 Blame Crash
Blame Crash's picture

Now why would you do that?

Are you confusing the thieves with their victims?

What would you of done if you knew what was coming?

Think about it.

Mon, 04/01/2013 - 16:07 | 3397068 insanelysane
insanelysane's picture

Because people have no right to their own money.  Before you start hanging them, their children, and their grand children, hang yourself!

Mon, 04/01/2013 - 17:33 | 3397378 Ahmeexnal
Ahmeexnal's picture

and the little guys have no right to their own money?

Mon, 04/01/2013 - 21:08 | 3397938 insanelysane
insanelysane's picture

So by hanging the people that managed to keep their own money, you somehow prevent little guy from getting robbed.  The only thing the people that saved their money are guilty of is not telling the little guy that the thieves were coming.

Mon, 04/01/2013 - 22:52 | 3398182 Ahmeexnal
Ahmeexnal's picture

No, you evidently didn't understand my point or that of other posters above.
Hanging those corrupt who knew beforehand what was transpiring -and that means government officials and their kleptocrat buddies- is what we mean.
Those who had nothing to do with this theft but managed to pull their hard earned money based on an educated guess of the turn of events that was about to crash onto the cypriots, should have no fear from the lynch mob.

So yes, hanging the corrupt people who conspired to confiscate the wealth of others will prevent little guys elsewhere from being robbed, as the EU kleptocrats will think twice before trying to pull a similar stunt in the next domino.

I'm pretty sure those innocent who did pull their money out did in fact tell others of the impending catastrophe, but as always, their advice fell on deaf ears and deer staring at headlights, just as I've found out when trying to educate people about monetary rocket science.

Tue, 04/02/2013 - 05:57 | 3398652 The Heart
The Heart's picture

"First hang their children and grandchildren while they watch, then hang them."

Dear Ahmeexnal, no one remembers how to make a hangman's noose anymore, much less have the cajonies to actually get up and go down to do it. Most of the worlds people have been whipped into a passive lazy lacktoast cream-puff society that is to drugged out and in a place of fear to do anything to prevent the out-right theft of their savings. Take the Cyprus experiment for example. Operation cream-puff is proceeding according to plan sheding excellent results. You can hear them from here outside the slaughter house...listen...baahhhhhhhh.

Mon, 04/01/2013 - 13:28 | 3396446 WTFx10
WTFx10's picture

"I do think there are certain times we should infringe on your freedom," Mr. Bloomberg said, during an appearance on NBC.

Mon, 04/01/2013 - 20:58 | 3397914 bigkahuna
bigkahuna's picture

Bloomberg, that works both ways.

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