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Former company executive arrested in Limassol over €610,000 theft and fraud case

In-Cyprus · 2026-06-13

AI SUMMARY

• What happened: A former company executive was arrested in Limassol for allegedly stealing €610,215 from company funds and committing fraud and money laundering between 2023 and 2026. • Why it matters: The case highlights issues of corporate governance and financial misconduct, raising concerns about oversight in local businesses. • What to watch next: Investigations by Limassol CID are ongoing, and further developments in the case, including potential court proceedings, are anticipated.

Local LimassolpoliceTop News Former company executive arrested in Limassol over €610,000 theft and fraud case Police Arrest 21 Year Old Over Scooter Hit And Run Involving Woman And Toddler Relevant News Former company executive arrested in Limassol over €610,000 theft and fraud case 13 June 2026 Young motorcyclist killed in Strovolos traffic collision 13 June 2026 Body found in car trunk near Iran’s World Cup training base in Tijuana 13 June 2026 newsroom 13 June 2026 FacebookXWhatsAppEmailPrintViber Limassol CID is investigating a former company executive accused of official theft, obtaining money under false pretences, and money laundering, police said. The offences took place in Limassol between 2023 and 2026. According to a complaint filed by a company director, the 39-year-old suspect allegedly pocketed €610,215 of company funds during his time in management. Investigators also found that after the suspect had been dismissed from his position, he signed customs clearance documents on behalf of the company for a forklift without having any authorisation to do so. The court issued an arrest warrant against the 39-year-old, and officers arrested him today to assist with the investigation. Limassol CID is continuing its enquiries. Subscribe to our Newsletter Latest News Young motorcyclist killed in Strovolos traffic collision Body found in car trunk near Iran’s World Cup training base in Tijuana Regulators lose sight of solutions right in front of them Motorcyclist arrested in Larnaca with 18 packets of cannabis and cocaine ECB hints at fluid interest rate path as Iran war fuels inflation uncertainty Grandfather arrested in Crete after 18-month-old baby dies of suspected sepsis US and Iran close to initial deal to end war, but key hurdles remain Follow en.philenews on Google News and be the first to know all the news about Cyprus and the world.

Source: In-Cyprus
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