Police arrested a 35-year-old woman on Monday on suspicion of misappropriating funds from a Famagusta based accounting and auditing firm.
According to Famagusta, the woman is suspected of having misappropriated a large sum of money from the company, between 2011 and 2021.
During the same period, the officer added, the woman appears to have embezzled money from other companies, customers of the audit office, whose accounting books she handled.
The suspect was arrested on Monday and will appear in front of the Famagusta district court to be remanded on Tuesday.
She is being investigated for theft, forgery and circulation of a forged document and money laundering.