Police arrested two men in Limassol on Thursday in connection with a money laundering case.
The arrests came after authorities placed a specific establishment under surveillance on suspicion of being used for money laundering.
Around noon on Thursday, a car was seen parked outside the establishment. A man exited the establishment and got into the car as a passenger.
The car was stopped by Police, who checked the identification of the two occupants, a 33-year-old and a 34-year-old.
A search of the car found 17 envelopes in the passenger’s bag. The envelopes contained a total of €161,425.
The 34-year-old was arrested for the offence of illegal possession of property and taken to the Limassol Crime Investigation Unit (CID) offices.
A 41-year-old man, who identified himself as a shareholder of the establishment, was also present inside the establishment. He and the 33-year-old driver of the car were called to the Limassol CID offices for questioning.
A search of the establishment found €706,300, $22,539, £1,375 sterling, two banknote counting machines, and empty paper envelopes that were allegedly used to package the money.
A search of the 34-year-old’s home found €815, mobile phones, and empty paper envelopes that were allegedly used to package the money.
The 34-year-old and 41-year-old were arrested on warrants and remanded in custody.
The Limassol CID’s Economic Crime Investigation Unit is continuing the investigation.
