Five people, two women and three man, have been remanded in custody for six days in Paphos for possessing counterfeit money.
The police had initially issued an arrest warrant against one of the five, a 26-year-old man who tried to pay at a shop with a fake €10 banknote.
When questioned, he denied knowing the money was counterfeit and claimed he sold his phone to another man who paid for it with fake banknotes.
Police found a further €40 on the man, all counterfeit €10 banknotes. Upon questioning, he revealed the identity of four accomplices, who were also recognised by the shop owner.
All five people are currently in custody for further questioning.