The case against the couple involves the theft of €474,400 and €10,000 worth of jewellery from safety deposit boxes from a Bank of Cyprus branch and from the Solidarity Coop in Larnaca which took place between March 2015 and January 2016.
Police were alerted to the theft when bank customers reported that their safety deposit boxes had been pilfered.
Following police investigations, it was discovered that the 36-year-old suspect had rented a safety deposit box in both of the banks in question thus giving him access to the controlled area where he pilfered from the other safety deposit boxes.
Investigations revealed that the suspect had two warehouses, one in which police found and confiscated a motorbike. While searching the suspect’s house, police discovered six television sets, 90 bottles of alcohol and €1,283 in cash.
Further investigations revealed that during the time that the thefts were taking place, the 36-year-old; was negotiating the purchase of a €400,000 yacht, invested €333,000 in a company involved in recycling old aeroplanes, was in the process of establishing a Japanese restaurant in Nicosia and the creation of a printer’s shop in Larnaca as well as negotiating the rental of two warehouses to dismantle old aircraft.