Newsroom
A 35-year-old owner of a company registered abroad, but with an office in Limassol, reported today to the Limassol CID that his business fell victim to an online scam, resulting in a loss of €1.2 million.
The company had an agreement with an investment firm. As part of this partnership, in November and December 2025, the company made two transfers, €900,000 and €300,000, to a bank account specified in emails that appeared to be sent by the investment firm.
An internal investigation revealed that the company’s email system had been compromised, allowing fraudsters to send deceptive messages. The funds were sent to a fraudulent account instead of the investment firm’s account.
The Limassol Financial Crime Investigation Office is currently investigating the case.
