Former executive arrested in Limassol for alleged embezzlement of 610,215 euros

Police in Limassol are investigating a 39-year-old former company executive for charges including theft by an official, obtaining money under false pretenses, and money laundering. The offenses allegedly occurred between 2023 and 2026. A complaint filed by the company's director alleges that the suspect misappropriated a total of 610,215 euros. Furthermore, the suspect is accused of signing documents for the customs clearance of a lifting machine on behalf of the company after his employment had already been terminated. This action was allegedly taken without proper authorization. A judicial arrest warrant was issued, leading to the suspect's arrest today. The Limassol Criminal Investigation Department (CID) is currently continuing the investigation into the matter.