Cyprus fraud investigation detains businessman’s brother over alleged extortion

Police in Larnaca, Cyprus, have arrested the brother of a businessman already in custody as part of a complex fraud case involving an elderly victim. Authorities allege the suspect attempted to interfere with a judicial investigation and participated in offenses such as membership in a criminal organization, conspiracy to commit a felony, extortion, falsifying documents, threats, and money‑laundering. The dispute centers on two properties in Pylas sold in 2021 for €250,000 each, after which disagreements arose over the remaining payments. The victim claims he faced pressure and threats to sign additional documents related to the sales.