Court

Cyprus nationals facing money laundering charges further remanded

December 10, 2019 12:40 pm

42-year-old Loizos Petridis, 42 and 46-year-old Cleanthis Petridis.

Two Cyprus brothers who are facing money laundering charges have been further remanded.

42-year-old Loizos Petridis, 42 and 46-year-old Cleanthis Petridis, appeared in the Suva Magistrates Court this morning.

The two are facing one count each of obtaining property by deception, attempt to obtain property by deception and possession of property suspected of being proceeds of crimes.

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It is alleged that the two by deception, dishonestly obtained $12,500 and tried to obtain $17,900 from the Bank of the South Pacific in December 2017.

It is also alleged the two had in their possession property suspected of being proceeds of crime which stood at the value of $203,011.

The matter has been adjourned for mention this Friday.