Two More Arrested in Limassol Real Estate Fraud Case

Police in the Republic of Cyprus have arrested two more suspects in connection with a real estate fraud scheme in Limassol. The suspects are believed to be part of a criminal network that forged documents and illegally sold a plot of land for cryptocurrency, without the knowledge of its elderly owner.

According to police reports, a 78-year-old landowner filed a complaint stating that on February 11, he discovered that his property in the Limassol district had been sold to a company for €600,000 in cryptocurrency—without his consent.

The investigation revealed that fraudulent documents had been submitted to the Land Registry, including a forged signature of the rightful owner. Acting swiftly, police tracked down the suspects and arrested two men, aged 45 and 46, on Sunday. They are facing multiple charges, including real estate fraud, extortion, identity fraud, document forgery, money laundering, and conspiracy to commit a serious crime.

On Monday, the suspects appeared in court, where a judge remanded them in custody for eight days. Today, authorities confirmed the arrest of two additional individuals, who are also believed to be linked to the fraudulent scheme.

According to investigators, the criminal group forged identity documents and property certificates, enabling them to illegally transfer ownership of a large estate to an investment company—defrauding both the rightful owner and the buyer.

The property was sold for €600,000, while the Limassol Land Registry estimates its actual market value to be at least €1.2 million.