Allegations contained in the controversial video suggesting black money and opaque campaign financing linked to associates of President Nikos Christodoulides are now firmly under the microscope of the House of Representatives, as Parliament launches a coordinated probe through three key committees.

The video sparked political shockwaves, public outrage and a crisis within the Presidential Palace. Its fallout has already led to the resignation of First Lady Philippa Karsera-Christodoulides from her role as executive chair of the Independent Social Support Fund, as well as the resignation of Charalambos Charalambous, Director of the President’s Office and a central figure appearing in the footage.

Three committees, one political storm

The investigation unfolds this week across the Energy, Institutions and Audit Committees, while MPs are also preparing to submit proposals to the plenary on Thursday seeking the abolition of the Fund, which is referenced in the video and accompanying claims of “shadow funds” and donations exchanged for favours.

The Energy Committee is examining links between energy projects, lobbying and figures featured in the video, focusing on the Vasiliko LNG terminal and the vessel Prometheus. Attention has centred on former energy minister Giorgos Lakkotrypis, now reportedly advising energy firms, and businessman Giorgos Chrysochoos, who is heard in the video boasting of close access to the president.

Focus on corruption and donations

On Wednesday, the Institutions Committee will examine potential political, institutional and criminal responsibilities, following a request by AKEL MP Giorgos Loukaides. The committee is also scrutinising the governance and transparency of the Social Support Fund.

In an urgent letter dated 15 January 2026, MPs requested a full list of donors — individuals and companies — who contributed to the the Fund between 2020 and 2025, along with data on anonymous donations, tightening pressure for full disclosure.

Audit Committee and transparency demands

The Audit Committee meets on Thursday to review the Auditor General’s 2023 report on the Social Support Fund, covering 2018–2024, with former chair Philippa Karsera-Christodoulides and members of the management committee summoned to testify.

Opposition parties argue that transparency over donations is now critical to restoring trust, amid fears that anonymous contributions may conceal preferential treatment. The Presidency insists no illegality has been identified, noting that donations are processed via the Central Bank of Cyprus, while a proposal to publish donor names for contributions above €20,000 remains under discussion.