Four people have been arrested for stealing parked vehicles and taking property in Limassol and Larnaca. In Limassol, a 64-year-old man reported his van stolen with tools inside, which was later found with the tools missing. Two men, aged 31 and 28, were arrested in connection with the theft. In Larnaca, a 64-year-old man reported money stolen from his unlocked vehicle, leading to the arrest of a 19-year-old and a 17-year-old.
Famagusta Police arrested a 35-year-old man for committing four burglaries and thefts between January and May 2024. The incidents included theft of cables from EAC substations and a residential burglary in Protaras. The suspect was linked to all four cases and remains in custody. Two other suspects, aged 31 and 29, were already apprehended for their involvement in one of the EAC substation burglaries on May 4, with their case progressing towards trial.
Three wanted individuals were arrested by police in Famagusta for theft and use of a stolen credit card, following a tip-off from a member of the public.
A 44-year-old man was arrested by Paphos Police in connection with a theft case involving a woman’s missing wallet containing cash in different currencies and documents. The arrest was made after an investigation following the woman’s report of the missing wallet, which she lost while shopping at a supermarket in Mandria. Part of the stolen cash was recovered during a search of the man’s residence. Police are still investigating the case.
Fact: Electronic Arts (EA) forecast full-year bookings below Wall Street estimates due to a broader spending slowdown in the gaming industry.
The text discusses the upcoming expiration of the 2017 Tax Cuts and Jobs Act (TCJA) in 2025 and provides insight into various tax reform options. Lawmakers will need to decide on priorities for tax reform, including maintaining the TCJA policies or implementing fundamental reforms. The text outlines two alternative reform options that focus on better cost recovery for business investment, lower individual rates, and a broader tax base. These options aim to grow the economy, provide revenue, and avoid increasing the deficit. Lawmakers are encouraged to prioritize growth and fiscal responsibility in designing tax legislation to prevent a tax hike in 2025.
Three teenagers, two 14-year-olds and one 16-year-old, were remanded by the Larnaca district court for one day to assist in police investigations related to a case in Kiti involving malicious damage, conspiracy to commit a crime, public disturbance, unlawful assembly, rioting, theft, and illegal possession of explosive material.
Four persons, all minors aged 14 to 16, were arrested by the Police today based on court warrants. They are being held in custody to aid in the investigation of several offenses including causing malicious damage, conspiracy to commit a felony, and illegal possession of explosives. The Kiti Police Station is working with the Larnaca Police Station on the ongoing investigations.
The Republic of Cyprus received positive feedback for its efforts to combat money laundering, aligning with recommendations from the Council of Europe’s Moneyval Committee. However, experts point out that the country still struggles to effectively address money laundering, with a lack of convictions for white-collar crimes. A recent incident involving a Ukrainian woman bringing in millions of euros highlights the system’s weaknesses. Despite progress, Cyprus faces significant challenges in tackling money laundering.
Fact: Police in Limassol arrested 13 people during operations of the traffic squad overnight.