Larnaca businessman released after four-day detention

A 62-year-old businessman from Larnaca was released on August 2, 2026, following the completion of a four-day detention order. The individual had been arrested on July 28 and subsequently appeared before the Larnaca District Court on July 29, which authorized his initial detention.

The suspect faces allegations regarding ten serious offenses reportedly committed between 2022 and 2024. These charges include conspiracy to commit a felony, obtaining money under false pretenses, forgery, circulation of forged documents, fraudulent real estate transactions, fraud in property sales, and money laundering. Reports indicate the alleged fraud involves approximately 12 million euros.

Although the businessman has been released, the Larnaca Criminal Investigation Department (TAE) continues its active investigation into the case. Officials have confirmed that investigations remain ongoing to finalize the file for potential future legal proceedings.