Paphos court Thursday set October 3 for hearing a case against a 53-year-old man from Paphos arrested earlier in the day in connection with obtaining money under false pretences, theft, money laundering and theft by an agent.
According to police a complaint was made by twin brothers, contractors from Larnaca, aged 58, who reported that between 2008 and 2011 they gave the 53-year-old a total of €406,700 as collateral to secure plumbing work on a Paphos hotel being renovated, as well as on government buildings and for assistance in securing a licence for the installation of photovoltaic systems.
From investigations carried out, the 53-year-old allegedly appropriated the money and did not use it for the purpose it was received.
An arrest warrant was secured resulting in his being apprehended and detained Thursday morning.
The man denies any wrong-doing saying that he had only received a small amount of money from the twins for some renovations.
Paphos CID are continuing investigations.