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.