Cyprus Mail
Cyprus

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

Bounced cheques on the rise

Staff Reporter

Education minister defends twice yearly exams, says criticisms are not justified

Nikolaos Prakas

Turning the spotlight on craftspeople of Germany and Cyprus

Eleni Philippou

Endless delays to phone blocking in prisons

Elias Hazou

Greek Cypriot arrested in north

Gina Agapiou

Jail sentence for drugs increased

Andria Kades