A company in Limassol lost €1,200,000 due to online fraud

A 35-year-old company owner reported to the Limassol CID that his firm had become a victim of online fraud, as a result of which €1,200,000 was stolen from it.

According to the statement, the company is registered abroad but has an office in Limassol. As part of an agreement with an investment company, the plaintiff made two transfers in November and December 2025 in the amounts of €900,000 and €300,000 to a bank account whose details were indicated in emails presented as messages from the investment company.

An inspection carried out by the affected company revealed that its email had been hacked and that forged messages had been received. The transferred amounts, according to available information, were credited to a fraudulent account rather than to the investment company’s account.

The Economic Crime Investigation Bureau of the Limassol CID is investigating the incident. The affected company confirmed the fact of the statements and transfers; details of the investigation are not disclosed.