A BRITISH man from Limassol arrested in connection with fraud charges is being investigated jointly by Limassol CID and Interpol.
48-year-old Gregory Sydeham was arrested last Friday after individuals alleging they had been duped into investing their money in a company abroad reported him to Limassol Police.
“The case came to light when three investors came forward and reported Sydeham to us,” a source at Limassol CID told the Cyprus Mail yesterday.
“Since then more than twenty people have come forward and reported Sydeham in connection with fraud.
“The alleged victims were mostly elderly British people or expats who invested their pensions with Sydeham,” he said.
Sydeham denies full responsibility for investors’ losses.
“He mentioned two other British names in connection with the fraud. But of course these are Sydeham’s own allegations.”
Sergeant Lefteris Kyriakou, Investigating Officer at the Limassol Financial Fraud Unit was pleased with the investigation so far.
“People are still coming forward but it’s a complicated case as it involves collecting evidence from Cyprus and abroad. We also need the assistance of various banks in checking accounts.
“We are currently waiting for information from UK police and Interpol, with whom we are cooperating,” he added.
Sydeham, who moved to Cyprus with his family in 1994, appeared in court on Friday to face seven charges, including felony, forgery, money laundering and fraud.
He was remanded in custody for eight days.
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.
