A 30-year-old Moldovan man has been arrested and remanded in Paphos, where he was on holiday with his young daughter, said authorities here. The arrest was made on the basis of an international warrant alleging that he stole 3.5 million dollars by illegally transferring money from a foreign bank, according to the release.
Anonymous sources told CyprusNewsReport that the suspect Andrei Ghincul illegally transferred millions of dollars from a Penneco Oil company account to a bank in Russia in 2012, and is wanted on an international warrant. He has been remanded in the central prisons until October when it's thought he will be extradited to the US. In August 2012, a hacker gained access to Penneco Senior Vice President Mathew Jacobs' online banking information and wired around $3.58 million from Penneco corporate accounts. About $2.15 million was sent to a bank in Russia, and $1.35 million was delivered to a bank in Belarus.