Cyprus Mail

Man extorted flat from family who owed €1,500

A 29-year-old man was remanded in custody for five days on Monday on suspicion of extorting cash and a flat from a man and his mother in return for a €1,500 loan he had given them.

The court heard that a 27-year-old had borrowed €1,500 from the suspect in 2016 who allegedly demanded €45,000 as repayment.

The 27-year-old initially paid €500 every month but when he no longer couldn’t make the payments, he was threatened by the suspect to the point that his mother was forced to transfer ownership of her flat in 2018 as repayment.

The suspect was arrested on Sunday afternoon in connection with usury and extortion.

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