Extradition of seven people from Cyprus for international fraud worth hundreds of millions of euros
Seven people arrested in Limassol have been extradited to France and Belgium, accused of organised online fraud with estimated proceeds of around 700 million euros.
Extradition of seven people from Cyprus for international fraud worth hundreds of millions of euros
Legal proceedings have concluded for the extradition of seven individuals who were apprehended on the island pursuant to European arrest warrants. The case concerns cross-border fraud with calculated proceeds of around 700 million euros.
The arrests were made on 27 October 2025 in the city of Limassol, as part of a coordinated operation involving Cyprus, France and Belgium.
According to the Legal Service, complaints from the two European countries report that a group of organised perpetrators, including the seven wanted individuals, defrauded internet users. Victims were induced into making investments and installed remote access software on their computers. The fraudsters created fake accounts on behalf of the victims, leading them into virtual placements with false returns. In essence, the money ended up in accounts controlled by the gang and was "laundered" through blockchain.
In court, the wanted individuals put forward several legal arguments seeking to prevent enforcement of the warrants. Their applications were rejected and they were transferred to the countries from which the warrants originated.
A team of lawyers from the office of the Attorneys of the Republic was established to manage the case.
Source: Politis
Source: Politis