Limassol district court on Thursday ordered remanded in police custody a 43-year-old man from Nicosia, in connection with the firing of shots at an office building in Limassol earlier this week.

The suspect will remain in police custody for eight days.

In court, CID officers said the case relates to loan sharking. They said they have information that the suspect had loaned the 58-year-old owner of the company, whose premises was shot at, some €400,000.

The money was loaned between 2021 and 2022, with an ‘interest’ of €1 million and payable by the end of 2023.

The company owner claims to have paid back the €400,000, plus another €200,000 toward the ‘interest’.

When he asked the loan shark for more time, the 43-year-old suspect allegedly increased the ‘interest’ payment.

This allegedly led to threats from the loan shark.

According to police, the 43-year-old was arrested pursuant to a court warrant after being identified through camera footage.

The incident occurred on 3.50am on Tuesday, when two suspects on a motorcycle fired a total of eleven shots, damaging the glass door of a company’s office in the coastal area of Limassol.

Investigations are ongoing, with police still gathering evidence and seeking the two persons on the motorcycle.