Newsroom
A Limassol criminal court has ordered the confiscation of assets worth €164,585 following the conclusion of financial investigations linked to a major drug trafficking case.
The proceedings stem from a police operation in November 2024, when officers seized more than 5kg of cocaine and 12kg of cannabis. The investigation resulted in criminal charges against four suspects: two men aged 52, a 35-year-old man and a 34-year-old woman.
Alongside the narcotics investigation, the Cyprus Drug Law Enforcement Unit (YKAN) worked with the Unit for Combating Money Laundering (MOKAS) to examine the finances of those charged. During that process, authorities froze a number of assets, including cash and vehicles, while the case was before the courts.
The Permanent Criminal Court in Limassol has now approved the confiscation of those assets. According to the order, property valued at €144,585 belonging to the 35-year-old defendant will be forfeited, together with €20,000 in assets belonging to the 34-year-old defendant, bringing the total value of confiscated property to €164,585.
