Police dismantle criminal gang engaging in real estate fraud

A criminal group that deceived citizens through fradulent property sales has been dismantled, police said on Monday.

Six members of the group, among them its alleged leader, were arrested while two more persons are still at large.

The ring had collected 208,000 euros from nine fradulent sales of apartments and land, while according to police it had also circulated counterfeit or bounced checques for a profit of over 400,000 euros.