Two women were re-remanded for eight days on Sunday after the number of people they allegedly scammed rose to 49, police said.
Last month Limassol police arrested a 30-year-old and a 41-year-old in connection with a subsidies fraud.
They are being investigated for cases of embezzlement with false representation, theft and money laundering.
So far, the fraud involves hundreds of thousands of euros with cases rising from 22 to 49 in a week.
The suspects allegedly told the complainants that they would apply to secure subsidies from various projects and energy programmes of the ministry of energy as well as grants for renovation of houses in the countryside.
The applications for which people handed over their money, were never filed.