Larnaca businessman arrested over alleged fraud and money laundering
Larnaca, Cyprus. A 62-year-old businessman from Larnaca was arrested over alleged financial offences, including fraud, forgery, fraudulent property transactions and money laundering, police said on Tuesday. The alleged offences concern 10 separate incidents between 2022 and 2024.
Allegations
Larnaca CID said the allegations include conspiracy to commit a felony, obtaining money by false pretences and circulating forged documents.
The suspect also faces allegations of fraudulent property dealings, fraud in property sales, false company accounts intended to defraud, and defrauding creditors.
Court appearance
The man was due to appear before Larnaca district court later on Tuesday.
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