A 61-year-old man who scammed someone out of €63,000 was charged in writing and then released, police said on Wednesday.

The man allegedly took the money from a 60-year-old man under the false pretence he would pay repay a “red” loan he had in a commercial bank.

He was arrested on Saturday, a day after the complainant reported the case to the police.

The extortion took place between May 2022 and March 2024.