Cyprus Mail

Police seek man for €2.5 million scam

GDP rose across the euro area

Police issued an arrest warrant on Tuesday against a 53-year-old man from Azerbaijan after a 35-year-old Greek businessman reported that the suspect had tricked him into giving him €2.5m to buy stocks in hotel units in Cyprus that were never built.

According to the report, the 35-year-old met the 53-year-old last summer in Limassol and they made an oral agreement for the Greek businessman to buy stocks in hotel units that were to be built on the island.

He told police he met the 53-year-old three times and had paid him a total of €2.5m, but hadn’t heard from him since last October.

He even travelled to Azerbaijan to locate the 53-year-old, he told police, but with no luck. He added that Azerbaijani authorities informed him that he had scammed other people too.

Limassol police issued an arrest warrant against the 53-year-old and placed his name on the stop list.

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