Family conflict in Limassol: disappearance of funds from a joint account led to an investigation

The incident occurred in Cyprus after one of the co-owners of a bus company in Limassol contacted the police to report the disappearance of large sums from an account jointly used with his brother from 1989 to 2023.

According to the police, the complainant stated that his 67-year-old brother and the brother’s 61-year-old wife had been withdrawing money for many years without his knowledge. According to a preliminary estimate, the shortfall could have reached approximately half a million euros. The situation remained undetected for a long time and became the subject of a review only after a formal complaint was filed.

The case was referred to the Limassol Anti-Corruption Unit, where banking transactions and company documentation were reviewed for two years. The purpose of the review was to determine how the transfers were carried out and who exactly used the funds.

After the main stage of the investigation was completed, the police detained the man and his wife for questioning. They were informed of the nature of the suspicions and invited to provide written statements. After the questioning, they were released. The investigation continues.