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flag A Cypriot court sentenced Israeli businessman Shimon Mistriel Aykout to five years in prison for illegally building luxury apartments on Greek Cypriot land in the north.

flag A Cypriot court sentenced 75-year-old Israeli businessman Shimon Mistriel Aykout to five years in prison for pleading guilty to 40 charges related to illegally developing and selling luxury apartments on Greek Cypriot-owned land in the Turkish-controlled northern part of Cyprus. flag Aykout, who also holds Portuguese and Turkish citizenship, was involved in constructing projects on about 400,000 square meters of land across four villages between 2014 and 2024, valued at over €38 million. flag The case underscores ongoing disputes over property rights in Cyprus, divided since 1974, with the court affirming Greek Cypriot ownership and signaling a broader crackdown on foreign developers.

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