Police arrested two people for a case of fraud and embezzlement. The 51-year-old male suspect and a 22-year-old female suspect were taken into custody for questioning.
According to police information, between June and July 2022, a number of people were defrauded, having sums of money extorted from them, amounting to €15,000 euros. The money was deposited through remittances to bank accounts in Cyprus and abroad. Two of the bank accounts belong separately to the 51-year-old’s company and to the 22-year-old.
Search warrants were issued for the suspects’ homes. The 51-year-old was located and arrested last Saturday night, while the next day he was brought before the Nicosia District Court, which issued a five-day detention order for the purpose of police examination. On Monday night, the 22-year-old suspect was also located and arrested in Nicosia. Evidence was procured during the search of the suspects’ homes which is being examined.
The two suspects are being investigated for wire fraud, intent to embezzle, obtaining money through false representation, falsifying documents, circulating a false document, money laundering, and conspiracy to commit a felony and a misdemeanor.
The case is under ongoing investigation.