Former company executive arrested in Limassol for fraud

The Limassol Criminal Investigation Department (CID) has arrested a 39-year-old former company executive following a formal complaint filed by a company director. The suspect is being investigated for alleged theft, obtaining money under false pretenses, and money laundering. Authorities claim these offenses occurred between 2023 and 2026. The investigation suggests the suspect misappropriated €610,215 in company funds during his tenure. Furthermore, after his dismissal, the individual reportedly signed unauthorized customs clearance documents on behalf of the company for a forklift. A judicial arrest warrant was issued, leading to his detention for further questioning. The Limassol CID continues to conduct inquiries into the case.