- Cyprus Property News Magazine - https://www.news.cyprus-property-buyers.com -

Developer to sue over fraud reports

K & M FAMAGUSTA Developers Ltd and its director Kypros Kyprianou filed a suit on Thursday against Phileleftheros demanding over €2 million for “written slander and or libel and or damaging lies” for one particular report entitled “Famagusta in Court.”

Famagusta Developers said it reserved its rights to file similar lawsuits against the paper for older reports “while they are determined to take all the necessary measures to safeguard the company’s interests and status.”

In August, police announced the company was under investigation in connection with eight complaints filed against it since 2007 – seven in Famagusta and one in Larnaca.The cases mainly concern alleged forgery, obtaining money and property under false pretences and usurping property belonging to another person.

Police at the time said four of the cases are on their way to court, two are under investigation and two others will not be brought to court on the instructions of the Attorney-general’s office.