A company has fallen victim to online fraud, losing €1.2 million in a case now under investigation by the Limassol Criminal Investigation Department (CID).
Police said the complaint was filed on Monday by the company’s 35-year-old owner. The firm is registered overseas but operates an office in Limassol.
According to the report, the company had entered into an agreement with an investment firm and, in November and December 2025, transferred €900,000 and €300,000 to a bank account provided via email.
Subsequent checks revealed that the company’s email account had been compromised, resulting in fraudulent instructions. As a result, the funds were diverted to a different account instead of the investment firm’s.
The Financial Crime Investigation Office of the Limassol CID is investigating the case.