Cyprus Mail

Woman arrested for suspected embezzlement

A 34-YEAR-OLD woman was remanded in custody for eight days on Thursday, suspected of embezzling some €500,000 from the Limassol company she worked for.

The company where the woman worked as the head of accounting reported earlier this month that €150,000 had gone missing.

The money was meant to be used to pay taxes and provident funds.

The suspect was sought at the address she stated as her place of residence but was not found, police said.

She was arrested on Wednesday night at a different residence and was brought before a court, which remanded her in custody for eight days.

Police said the company books showed that the suspect had taken close to €500,000 and not just the €150,000 thought initially.

Police said the suspect had also presented herself as a travel agent, promising people cheap packages, which she secured with company money.


Related Posts

Taking the Cypriot people for a ride

Christos Panayiotides

Alleged racist attack on Limassol

Nick Theodoulou

Brittain to take over as Premier League chair from 2023

Jonathan Shkurko

Labour inspectors find 18 undeclared workers

Herbert Diess, Volkswagen’s disruptor-in-chief, runs out of road

Reuters News Service

Ivana Trump, first wife of Donald Trump who helped build his empire, dies at 73

1 comment

Comments are closed.