US$18m pension case settled

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CYPRUS - The Electricity Authority of Cyprus (EAC) has reached a tentative out-of-court deal with a stockbroker charged with embezzling CYP£8m (US$18.1m) from the company's pension fund.

But employees voiced concerns they could be left with nothing should the deal "turn sour". EAC have defended the decision, and claimed that pursuing a court battle would be too risky. EAC ch...

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