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    Home > Headlines > Two arrested in Greece over Cyprus soccer murder, underworld link suspected
    Headlines

    Two arrested in Greece over Cyprus soccer murder, underworld link suspected

    Published by Global Banking and Finance Review

    Posted on October 30, 2025

    2 min read

    Last updated: January 21, 2026

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    Tags:insurancefinancial servicescriminal financerisk managementfinancial institutions

    Quick Summary

    Two men arrested in Greece over the murder of Karmiotissa's chairman in Cyprus. Police suspect underworld crime links, with investigations ongoing.

    Table of Contents

    • Investigation into Cyprus Soccer Murder
    • Details of the Murder
    • Suspects and Arrest Details
    • Possible Underworld Connections

    Two Suspects Arrested in Greece Linked to Cyprus Soccer Murder

    Investigation into Cyprus Soccer Murder

    ATHENS (Reuters) -Two men have been arrested in Greece over the killing of a soccer club chairman in Cyprus and police are investigating if the case is linked to underworld crime rings, police said on Thursday.

    Details of the Murder

    Attackers gunned down Stavros Demosthenous, chairman of the second division Cypriot side Karmiotissa, outside his home in the coastal city of Limassol on October 17. The 49-year-old died while his son was driving him to hospital.

    Suspects and Arrest Details

    The two men were arrested in the northern Greek city of Thessaloniki, police said in a text alert.

    Possible Underworld Connections

    "They are suspected of participating in the execution of a contract killing," a police official told Reuters, without going into further detail on their suspected role.

    Police were also looking into one possibility that the case was linked with a crime boss thought to be hiding out in the United Arab Emirates, the police official added, declining to be named as an investigation was still underway.

    The men were detained under a European arrest warrant, in connection with the premeditated murder, the police text alert added.

    Karmiotissa were relegated to the second division this season. They have mainly played in lower divisions since it was established in 1979.

    (Reporting by Yannis Souliotis; writing by Renee Maltezou; Editing by Andrew Heavens)

    Key Takeaways

    • •Two men arrested in Greece linked to Cyprus soccer murder.
    • •Victim was Stavros Demosthenous, chairman of Karmiotissa.
    • •Murder occurred in Limassol, Cyprus on October 17.
    • •Police suspect underworld crime connections.
    • •Investigation includes possible UAE crime boss link.

    Frequently Asked Questions about Two arrested in Greece over Cyprus soccer murder, underworld link suspected

    1What is criminal finance?

    Criminal finance refers to financial activities that are illegal, including money laundering, fraud, and financing of criminal enterprises. It involves the manipulation of financial systems for illicit purposes.

    2What is risk management?

    Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings. It involves minimizing potential losses and maximizing opportunities.

    3What is a financial institution?

    A financial institution is an organization that provides financial services, such as banks, credit unions, insurance companies, and investment firms. They play a crucial role in the economy by facilitating transactions and managing risks.

    4What is insurance?

    Insurance is a financial product that provides protection against financial loss or risk. It involves the transfer of risk from an individual or business to an insurance company in exchange for premium payments.

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