Two Young Men in Court for Company Fraud in Nicosia

A case was filed in the Nicosia District Court against two individuals, aged 20 and 21, for offenses related to conspiracy to commit a felony, fraud, theft, and money laundering from illegal activities.

Specifically, on July 17, 2025, a director of a company in Nicosia reported to the Police that his company had been the victim of online fraud, resulting in a loss of €35,000.

Following the investigation, arrest warrants were issued against the two young men, who were arrested on January 1st and 2nd, 2026, respectively. The Nicosia CID is continuing the investigations.