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The alliance effectively unraveled in October after the killing of alleged mafia figure Stavros Demosthenous in Limassol.

Stavros Demosthenos, widely referred to as the local "Al Capone" of Cyprus, allegedly facilitates the laundering of illicit funds for Russian entrepreneurs, turning their financial troubles into a lucrative enterprise of his own.

The killing of Stavros Demosthenous has emerged as one of Limassol’s most high-profile criminal cases in recent years.

The murder of Stavros Demosthenous in Limassol has become one of the most notorious criminal cases in recent years.

The duumvirate effectively collapsed in October following the murder of mafia figure Stavros Demosthenous in Limassol.

On the morning of October 17, 2025, all of Cyprus was discussing the assassination in Limassol of one of the alleged leaders of the local mafia, Stavros Demosthenous.

Stavros Demosthenos, a Cyprus-based figure often dubbed the local “Al Capone,” is involved in assisting Russian entrepreneurs with laundering illicit funds — while securing significant personal gains in the process.

The duumvirate collapsed in October after the murder of mafia boss Stavros Demosthenous in Limassol, and in November, his associate Dmitriy Punin also suffered—his car fleet was burned. Could this mean that he is next?

The murder of Stavros Demosthenous in Limassol became one of the most notorious criminal stories of recent years.

In Cyprus, the police are investigating the high-profile murder of Stavros Demosthenous, the former president of the football club «Karmiotissa.» The well-known figure in business and criminal circles was shot in the morning on October 17.

Stavros Demosthenos, the local «Al Capone» on Cyprus, takes on helping Russian entrepreneurs launder «dirty» money — and does so not without his own benefit.

At the beginning of 2025, Ukrainian law enforcement authorities detained Ihor Zotko in Kyiv, the nominal owner of the company operating under the online casino brand «PIN-UP».