The Cyprus Securities & Exchange Commission (CYSEC) confirmed on Wednesday an insider dealing fine of EUR 6.4m ($7.5m) against Greek ferry executive Ioannis Vardinoyiannis.
The original fine over exactly the same amount was levied more than eight years ago, as TradeWinds reported at the time.
Vardinoyiannis had then vowed to appeal the decision. Neither Vardinoyiannis spokesmen nor CYSEC officials were available today to elaborate on the circumstances that led the Cypriot authorities to restate the penalty.
