2 Cyprus nationals jointly charged for money laundering further remanded in police custody

2 Cyprus nationals jointly charged for money laundering further remanded in police custody

By Anamika Singh
29/12/2017
Loizos Petridis and Cleanthis Petridis

Two Cyprus nationals jointly charged for money laundering have been further remanded in police custody by the Suva Magistrates Court today.

They were allegedly involved in multiple suspicious ATM transactions earlier this month.

Loizos Petridis and Cleanthis Petridis through their lawyer had objected to staying in police custody and requested they be kept at the Remand Center.

The two men have been jointly charged with 6 counts of money laundering which involved $3,060 but the money seized from them was $150,00.

Police investigations into the money seized are continuing.

The lawyer for the two accused told the court they were objecting to being kept in police custody as the conditions are not conducive to them spending the night there as they could not sleep comfortably.

They have been in police custody for the past 9 days.

DPP lawyer Saif Shah objected to the objection made the accused persons saying the Remand Centre closes at 4pm everyday and that would hinder investigations which are continuing.

Shah further stated that the men have been provided with all amenities in police custody.

Magistrate Jioji Boseiwaqa has ordered the men to be remanded in police custody.

The case has been adjourned to 4th of January next year.

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