Bases cop remanded in loan sharking case

A British bases policeman was remanded in custody for two days on Wednesday in connection with loan sharking, police said.

The man, 40, was arrested by Cyprus police after a woman, 57, who also works at the bases, borrowed €1,000 from him in January at a 20 per cent interest rate per month.

The two sides agreed that the loan would be repaid in one year. So far, the woman paid €600 in three monthly instalments of €200.

A friend of the woman, who had brought her in touch with the suspect in the first place, had provided him with post-dated cheques as guarantee.

Limassol CID chief Ioannis Soteriades said the suspect denies any involvement in the case.

 

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.