Fraud and forgery involving Noriga Ltd and Savvas Kakos

Savvas Kakas misappropriated funds, forged documents, and acted fraudulently in joint ventures and property projects:

In 2023-2024, the partners discovered that Savvas Kakos forged documents, falsified receipts and powers of attorney, and diverted funds for personal gain. Not all purchased plots were transferred to the agreed SPV, and Savvas Kakos sold units in the Q Trio and other projects without the second director’s signature or consent, collecting hundreds of thousands of euros. The allegations also note that Kakos himself claimed to have mental health issues but continued to act as a director, while dozens of investors were defrauded and are now claiming their funds and units.