Limassol CID is investigating a former company executive accused of official theft, obtaining money under false pretences, and money laundering, police said.
The offences took place in Limassol between 2023 and 2026.
According to a complaint filed by a company director, the 39-year-old suspect allegedly pocketed €610,215 of company funds during his time in management.
Investigators also found that after the suspect had been dismissed from his position, he signed customs clearance documents on behalf of the company for a forklift without having any authorisation to do so.
The court issued an arrest warrant against the 39-year-old, and officers arrested him today to assist with the investigation.
Limassol CID is continuing its enquiries.