Newsroom
A 45-year-old man was arrested in Limassol on Friday in connection with an ongoing investigation into the alleged theft of €103,000 and suspected money-laundering activities. According to police, the incidents under review are believed to have taken place between June 2024 and November 2025.
The case began when a 50-year-old man filed a report with the Limassol Criminal Investigation Department (CID) on November 6. He told investigators that he had entered into an agreement with the suspect in mid-2024 to jointly pursue the purchase of several apartments. As part of that arrangement, he transferred €103,000 to the 45-year-old.
However, the complainant said that the planned property deal never moved forward. When he requested his money back, the suspect allegedly offered repeated explanations for the delay before ultimately ceasing contact in September. By that time, only €4,860 had been returned.
Following the complaint, authorities secured a judicial warrant and arrested the 45-year-old shortly before 2:30 p.m. on Friday. He remains in custody as investigators continue examining the financial dispute and the surrounding circumstances.
The Limassol CID is still pursuing the case.
