Cyprus Mail

Remand in connection with theft of collectible banknotes worth over €1.6m.

Limassol court

A 47-year-old Russian national was remanded in custody for three days in Limassol on Tuesday in connection with the theft of collectible banknotes worth over €1.6m.

The man, who presents himself as a legal adviser, had agreed with the owner of the collection, also a Russian national, to help sell it.

The court heard that the two men had agreed for the collection to be returned to its owner if the 47-year-old was unable to find a buyer within a particular timeframe.

The owner reported the suspect after he failed to return the valuable banknotes per their agreement.

The suspect claimed during questioning that the collection was worth much less than what the owner stated. He also told officers that he had stored the notes in a safe deposit box abroad.

The 47-year-old said the collection would be returned provided the owner paid him €20,000, an amount they had agreed before, for his services.

Related Posts

Decision expected within the day about fifth Covid jab

Jonathan Shkurko

Technology upgrades will put an end to football violence, says CSO director

Iole Damaskinos

Supreme court suspends prison sentence for growing cannabis

Nick Theodoulou

Cyprus Airways set to more than double its capacity and destinations

Gina Agapiou

Property sales in Cyprus up across the board

Nick Theodoulou

Three arrested in Limassol for cannabis dealing and possession

Staff Reporter

1 comment

Comments are closed.