Cyprus Mail
Cyprus

Woman held in connection with €300,000 scam

Cypriot police arrested a 52-year-old woman in Prague on suspicion that she was involved in scamming a Cypriot businessman for €300,000.

A European arrest warrant was issued against the woman – who has now been brought to Cyprus – and six others in connection with the crime, which includes fraud and money laundering.

The businessman told police that he had been promised a loan of €50 million from a bank in Asia if he paid €100,000 cash in advance to sign the contract and a further €200,000 as expenses for the intermediaries.

Follow the Cyprus Mail on Google News

Related Posts

Cyprus Business Now

Kyriacos Nicolaou

New church controversies at expense of environment in Ayia Napa

Iole Damaskinos

Cyprus ‘must develop adaptation strategies’ against climate change

Rony J. El Daccache

House passes budgets for public entities including CyBC

Elias Hazou

MPs demand urgent action on liver transplant patient care

Nikolaos Prakas

Traffic fines: same penalties, longer payment period

Elias Hazou