Cyprus Mail

Remand for pair in alleged property fraud (Updated)

The two men who were arrested over their alleged involvement in a case of the circulation of counterfeit documents, money laundering and the misappropriation of money were remanded for eight days by the Limassol district court on Wednesday.

The men aged 51 and 40 were arrested on Tuesday after a 61-year-old man, a resident of Limassol, accused them of fraud.

He told police that at the beginning of July, the 51-year-old sent him three property title deeds to land he was selling. He told the prospective buyer the owner of the properties was in a hurry to sell as he needed the money immediately.

In order to secure the deal, the 61-year-old paid €200,000 in advance but found out later the title deeds and seller’s identity were fake.

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