Man remanded in custody over alleged €800,000 theft from Limassol company
Limassol, Cyprus. A 50-year-old man was remanded in custody for eight days by Limassol district court on Saturday in connection with the reported theft of €800,000 from a company in Limassol.
Investigation
The suspect is being investigated in relation to alleged theft by a director and money laundering offences. Police said the case concerns the reported theft of around €800,000 from a Limassol-based company between 2016 and 2019.
Arrest and transfer
According to police, the suspect was located and arrested in a foreign country under a European arrest warrant. He was transferred to Cyprus on Friday, where he was re-arrested under a court warrant.
Ongoing inquiry
Limassol CID is continuing investigations.
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