Philenews

Fraudsters Defrauded Company of €35,000 – Two Arrested, Third Suspect Sought

Published January 5, 2026, 10:24
Fraudsters Defrauded Company of €35,000 – Two Arrested, Third Suspect Sought

A company director in Nicosia reported to the authorities that his company fell victim to online fraud, resulting in a loss of €35,000. The case is being investigated by the Nicosia TAE, which secured arrest warrants for two individuals, aged 20 and 22. One of the suspects, aged 20, was arrested on January 1, 2026, and was remanded in custody for 8 days by order of the Nicosia District Court. Subsequently, an arrest warrant was issued for the third suspect, aged 21. The 21-year-old was arrested and is expected to appear before the Nicosia District Court for the purpose of issuing a detention order. Police are continuing their investigations to fully solve the case and reveal how the perpetrators managed to defraud the company.