Cyprus Mail

Ukrainian wanted for embezzling $22m arrested in Limassol

A 50-year-old Ukrainian wanted by Interpol Kiev for fraud and the embezzlement of more than $22 million was arrested in Souni, Limassol on Tuesday.

According to police, an arrest warrant for the man was secured following a briefing by Interpol. He allegedly conspired with the director of a Ukrainian company where he worked and with the manager of an insurance company.

The fraud was committed in 2013 and involved the sum of $22,135,000 which was earmarked to finance a project in the agricultural sector by the company.

The suspect was arrested at his house and proceedings for his extradition to the Ukraine for trial have already started.

Related Posts

Turkey slams Cyprus over exploration licence for Exxon, Qatar Petroleum in Mediterranean

Reuters News Service

Project ‘Flood’ – Cyprus and Greece cooperate to deal with natural disasters

Staff Reporter

Decree  issued for suspension of non-urgent surgeries

Elias Hazou

Joy and awe among the Catholic faithful

Jonathan Shkurko

Rape charges dropped against former municipal councilor

Elias Hazou

‘Strong disagreement’ remains among MPs over infectious diseases bill

Elias Hazou