Police have issued a wanted bulletin for Andreas Kanaris, 58, in relation to the investigation regarding land fraud in Limassol.
Kanaris is suspected with conspiring with two other Greek Cypriots, 56 and 57, to sell a plot of land belonging to an elderly couple from Nicosia.
The two other suspects were remanded for eight days by the Nicosia District court on Wednesday.
According to the police report, one of the two men currently in custody rented the plot for business purposes, but along with the rest, presented the land registry with forged documents, claiming that the plot belonged to him and that he wanted to sell it.
The plot, estimated to be worth €230,000, was sold for €107,000. Police suspects that Kanaris was the one who arranged the transaction.
Once the elderly couple realised that their land was sold illegally, they reported the case to the police.