A 59-year-old man arrested in connection with a financial fraud case will remain in custody until October 15 when a hearing for his extradition to Russia will begin, Paphos district court decided on Monday.
The man arrived at Paphos airport from Estonia on Thursday night. At passport control, police realised he was sought by Russian authorities, at which point he was arrested.
He had allegedly registered a company and transferred 57,630,000 Russian roubles (€668,000) to its bank account from another company. According to the international warrant, the alleged offence was committed between January 1997 and June 2010 in Russia.
Interpol Moscow informed Cyprus in November 2012 that the 59-year-old man was wanted by Russian authorities.