Arrest of Savvas Kakos on Suspicion of Serious Crimes
July 29, 2026
Businessman Savvas Kakos was arrested as a suspect for serious crimes related to fraud cases. The charges include false representations and forgery, according to the police. The complaints predominantly came from Israeli citizens interested in investing in Cyprus. The case is set to be examined by the Larnaca District Court, where the police seek to detain Mr. Kakos for eight days. If convicted, these crimes carry severe prison sentences.