NewsLocalLimassol: Man held for loan sharking

Limassol: Man held for loan sharking

A 39 year old man from Limassol is under arrest as police investigate a case of loan sharking and extortion.

His arrest follows a complaint by a 53 year old woman that she had borrowed €2000 from the suspect in 2014 on the agreement that she would repay it in a month.

She failed to do so, and the sum kept increasing because of interest. She said that at times the 39 year old threatened her.

By August 2018, the woman owed €92,000 and she issued a cheque to that amount. The suspect deposited the cheque but it bounced and he sued her.

Limassol police are investigating.

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