Ioannis Soteriades, head of Limassol police’s criminal investigation department said the offences under investigation were committed between 2016 and 2018.
He said that police had obtained written testimony from a 26 year old that he had borrowed a sum of money from the suspect who had forced him to sell drugs to others.
Police searched three premises connected with the suspect and found a gun, a small amount of cannabis, 3,750 euro in cash as well CCTV that were recording a public area.
Soteriades said police were investigating total of 15 offences including loan sharking, blackmail, kidnap, possession and trafficking of drugs, possession of a fire arm without a permit and money laundering.
The suspect denies any involvement and is not cooperating with police. Soteriades added that the man was known to police which was working to build up a case to prosecute.