Five fraudsters who used north Cyprus bank for their scheme arrested in Cyprus on US order: To be extradited to the US

Greek Cypriot police on Wednesday arrested 4 people after a Supreme Court ordered the arrest of five individuals wanted by the US for financial fraud. 

Cypriot authorities executed new arrest warrants for five individuals wanted by the US for financial fraud, following a Supreme Court decision.

Greek Cypriot Police spokesperson Christos Andreou told the media that warrants were issued immediately after the court overturned a previous order releasing the suspects.

Four individuals have been arrested, while a British national remains at large. Police are actively searching for the suspect and may seek an international arrest warrant.

The five were initially detained in Cyprus on suspicion of US-based financial fraud with a view to extradition. However, a Supreme Court judge previously ordered their release.

Last Thursday, the Supreme Court plenary accepted the Attorney General’s appeal, leading to the renewed arrest warrants.

US authorities had requested the extradition of the individuals, including three foreigners and two Cypriots, on charges related to communication technology fraud, money laundering conspiracy, and aggravated identity theft.

According to the Supreme Court decision, the suspects allegedly used a bank account in north Cyprus to facilitate their criminal activity.