Insurance Fraud Case Involving Fake Policies
January 14, 2025
A major case of financial fraud is unfolding involving a 45-year-old insurance intermediary, who is accused of deceiving dozens of clients with fake insurance policies. Victims lost hundreds of thousands of euros, as the suspect promised high returns and provided them with fake checks when they attempted to withdraw money. An investigation by the Limassol CID revealed serious irregularities, with a discrepancy of €719,524. The suspect has been detained for seven days as authorities continue their investigation.