Two remanded as scam suspects

A FINANCIAL adviser and an insurance broker from Larnaca suspected of conning 87 people out of a total of £80,000 were re-remanded for eight days yesterday.

Larnaca District Court heard that Anglo-Cypriot Christos Nicou, 54, and Savvas Savvides, 26, took money off their customers between July and November this year, telling them they would secure long-term loans for them from a British loans firm. Investigating officer Kyriacos Kyriacou said it later transpired that the British firm from which Nicou and Savvides had promised loans of up to £15 million was fictitious.

Nicou and Savvides were arrested last Thursday.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.