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Cypriot authorities have completed legal proceedings related to the extradition of seven individuals wanted in connection with an international fraud case involving an estimated €700 million, according to the Law Office of the Republic of Cyprus.
The suspects were arrested in Limassol on October 27, 2025, during a coordinated operation involving authorities from Cyprus, France, and Belgium. The arrests were carried out under European arrest warrants issued as part of ongoing investigations in the two countries.
The case centers on allegations that an organized network targeted internet users through investment scams. Investigators claim the group used online applications to persuade victims to invest money and install software that allowed remote access to their computers.
According to the allegations, the perpetrators then created fraudulent accounts in the victims’ names and displayed fabricated investment activity and profits to encourage further financial transfers.
During court proceedings in Cyprus, the objections presented by the wanted individuals were dismissed. Following the conclusion of the hearings, the seven suspects were extradited to Belgium and France to face further legal action.
