Spanish national in custody in connection with online fraud

Police on Wednesday announced the arrest of a Spanish national who was transferred on Tuesday to Cyprus police custody, in connection with an investigated case of online fraud.

The 57-year-old woman was arrested in Spain, pursuant to a European arrest warrant and re-arrested with the national warrant pending against her.

The case concerns a report made to Limassol CID by a company’s legal advisor, according to which in May 2019, her company ordered products from a familiar partner company abroad.

The Limassol company proceeded to transfer €93,187 as payment to a bank account provided via email. Later, however, it emerged via in communication with the supplier that the account was fraudulent and the supplier’s email account had been hacked.

The financial crime investigation branch of Limassol CID is continuing the investigation.

Police have reminded the public and companies to verify all transactions, particularly any involving changes in bank details, directly with their business partners.