Larnaca, Cyprus. Four suspects accused of participating in an alleged criminal organisation were remanded by the Larnaca district court on Thursday in a case involving claims of threats, intimidation, fraud and financial exploitation of a 77-year-old complainant. Police said the case spans several years and involves coordinated actions by the suspects.
Court proceedings and suspects
The suspects are a 44-year-old businessman from Larnaca, a 42-year-old accountant and businessman from Nicosia, a 45-year-old woman from the Larnaca district and a 49-year-old remanded prisoner who is facing separate criminal proceedings.
Police allege the four had different roles in a coordinated scheme targeting the elderly man between 2021 and 2025.
Police allegations
Details presented before the court emerged through testimony from investigators, who described the case as a complex organised crime syndicate involving allegations of extortion, coercion and threats of violence.
According to police, the complainant reported in March that he had been pressured over several years into handing over substantial sums of money and agreeing to transactions against his will.
He alleged that repeated threats left him fearing for his safety and compelled him to comply with demands made by individuals connected to the group.
Property transactions under investigation
The court heard that part of the investigation concerns property transactions involving land in Pyla and Anglisides.
Investigators allege that agreements relating to the sale of the properties resulted in financial losses for the complainant and his family.
Evidence presented in court indicated that substantial payments remained outstanding despite transfers having been completed.
Betting agency venture
Police also alleged that the complainant was persuaded to become involved in a betting agency venture despite never formally entering into a partnership agreement.
