Nicosia Ring: Bank Accounts Under Investigation

Authorities are focusing on the bank accounts of those arrested in connection with the alleged crime ring in Nicosia, involving a 37-year-old businesswoman and a convicted felon. The investigation aims to trace the path of the €300,000 that was found.

According to police, the convicted felon is believed to be the "mastermind" of the ring, issuing instructions from the Central Prisons. The ring is allegedly involved in drug trafficking, providing protection, and illegal gambling.

The arrested individuals, including the 37-year-old, the convicted felon, her parents and brother, and a 40-year-old, remain in custody. The ring allegedly generated €50,000 per week, with profits of €1 million in half a year.

The offenses under investigation include conspiracy, corruption, illegal possession of property, and money laundering from illegal activities, from 01/01/2025.