A 62-year-old businessman from Larnaca has been released after the completion of a four-day detention order issued by the Larnaca District Court.
The businessman was arrested on Tuesday, 28 July, and appeared before the court the following day, where a four-day remand order was granted.
Despite his release, investigations by the Larnaca Criminal Investigation Department (TAE) are continuing as authorities work to complete the case file.
Ten serious offences under investigation
The case involves ten serious offences allegedly committed between 2022 and 2024.
The offences under investigation include conspiracy to commit a felony, obtaining money through false representations, preparing documents without authority, forgery, circulation of forged documents, fraudulent transactions involving property belonging to another person, fraud in the sale of property, false accounts by a company director with intent to defraud, creditor fraud and money laundering.
The investigation is being conducted by the Larnaca TAE.
Also read: Businessman accused over alleged €12m fraud in Larnaca
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