Larnaca businessman arrested over investor fraud complaints

Police arrested a well-known Larnaca businessman early Tuesday afternoon on suspicion of defrauding investors, most of them foreign nationals, who filed complaints with the local Criminal Investigation Department (CID). The suspect is a 62-year-old man living in Larnaca.

Police sources said the complaints are numerous and have been filed with Larnaca CID over an extended period, as the department continues its investigation. The suspect, who has worked in land development for years, is...