The Cyprus state scholarships foundation (Ikyk) has reportedly spent the last 15 years renting out a building valued at €615,000 for as little as €500 per month to the law firm which used to represent it it, according to reports which surfaced on Friday.
The building, which is located in the Nicosia suburb of Aglandjia, was donated to Ikyk in 2000, with Ikyk initially having planned to move its headquarters
