in-cyprus29 Jul 2026

Larnaca businessman remanded over €12m property fraud claims

Larnaca District Court remanded Larnaca property businessman Savvas Kakos, 62, for four days. Police are investigating 11 separate complaints against him alleging fraud, forgery and money laundering totalling 12 million euros.

The alleged offences took place between 2022 and 2024 and span conspiracy to commit a felony, obtaining money by false pretences, forgery and circulating a forged document, fraudulent dealing in property belonging to another, fraud in the sale of property, defrauding...

This is a summary. Read the full article at in-cyprus.

Read full article

More from Cyprus

All news

Cyprus Mail

Russia charges Telegram founder Durov with aiding terrorism, he gives Moscow the finger

Russia said on Wednesday it had charged Telegram founder Pavel Durov with facilitating terrorist activity, alleging that his hugely popular messaging app was being used by Ukrainian spies to organise attacks inside Russia. In response, Telegram’s official account on X posted a...

today

Cyprus Mail

‘I am more hopeful about a Cyprus solution than I was before Guterres came’

Turkish Cypriot leader Tufan Erhurman on Wednesday said that he is now “more hopeful” that a solution to the Cyprus problem can be achieved than he was before United Nations Secretary-General Antonio Guterres arrived on the island at the beginning of the week. “I see Guterres’...

today

Cyprus Mail

Altamira Real Estate’s live auction at Latchi Panorama its most successful to date

Altamira Real Estate has successfully concluded another Live Bidding Event, this time at Latchi Panorama in Droushia, Paphos, with all 26 apartments within the development securing new owners. The event was the company’s most successful of its kind to date, attracting the high...

today

Cyprus Mail

Cyprus revenues from Kronos gas project expected to stay modest

Gas field decision unlocks domestic energy opportunities, expert says The final investment decision to develop the Kronos natural gas field in block 6 of Cyprus’ exclusive economic zone offers an opportunity to exploit the area’s remaining gas reserves for the island’s domesti...

today