Law enforcement is currently probing a significant fraud incident involving the withdrawal of €175,060. A 37-year-old individual has been apprehended in relation to the matter and is presently held in custody under a court decree.
The inquiry was initiated subsequent to a 58-year-old individual lodging a complaint with the Nicosia Criminal Investigation Department (CID) on April 15, 2024. The complainant asserts that the suspect coerced collaboration for the establishment of a company focused on importing and marketing technology products. Allegedly, the suspect, entrusted with managing orders and importing products from November 2022 to February 2024, utilized deceitful tactics to illicitly obtain various amounts of money from the complainant, totaling €175,060.
Upon receipt of the complaint, authorities issued an arrest warrant for the suspect. The individual was apprehended by law enforcement on Wednesday, May 22, and presented before the Nicosia District Court. At the request of the police to aid the ongoing investigation, the court granted an eight-day detention order.
The Financial Crime Investigation Unit within the Nicosia CID is spearheading the investigation into the case.
