Cyprus Mail

Suspected loan shark demanded €80,000 for €40,000 borrowed

Larnaca court

A 63-year-old suspected loan shark was remanded for two days by the Larnaca district court on Friday for allegedly threatening the life of another man who could not pay back what he had borrowed.

According to police, the Oroklini resident was arrested on Thursday after a complaint was filed by a 47-year-old baker from Larnaca who told police that since last March, he had asked the suspect on three different occasions to lend him money.

The 63-year-old loaned the baker a total of €40,000, for which he asked €80,000 in return by a specific date.

The baker said he then began receiving threats to his life when he was unable to pay the total sum by the deadline, even though he had already paid back €50,000 of the €80,000 being demanded.

Related posts

Health minister visits crossing to check on virus measures

Evie Andreou

Greece confirms first coronavirus case, EU’s Kyriakides wants preparedness plans (Update 2)

Reuters News Service

Zenon bus workers to strike over wage deductions not paid into benefit funds

Evie Andreou

Foreign ministry urges Cypriots living abroad not to panic over coronavirus

Source: Cyprus News Agency

Cypriot football club linked to tax evasion scheme in Spain

Jonathan Shkurko

Ten arrests, €103,000 in fines, in illegal employment clampdown

Staff Reporter