Fake currency racket busted in RAK, eight held

RAS AL KHAIMAH — More than $5 million worth of counterfeit currency and gadgets used for manufacturing fake currency were seized by the Ras Al Khaimah Police in raids during the last week, a police source said. Eight men were arrested in this connection and referred to Public Prosecution.

By Sebugwaawo Ismail

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Published: Mon 26 Nov 2007, 8:49 AM

Last updated: Sun 5 Apr 2015, 4:40 AM

Addressing the media yesterday at the police headquarters, Lt-Col. Salem bin Sultan Al Darmaki, who heads the Investigation Section in the Criminal Investigation Department of RAK Police, said among the arrested were five Africans and three Arabs.

They allegedly exchanged counterfeit dollars for dirhams on several occasions. “For example $1million counterfeit dollars were exchanged for Dh1 million genuine dirhams,” he pointed out.

Lt-Col. Al Darmaki said the police were tipped off by some residents about the suspicious conduct of the suspects. Undercover agents, posing as customers, were then sent to the suspects with Dh1.5 million.

“The negotiations took a long time because the police detectives had carried dirhams of smaller denominations and the suspects were demanding Dh1,000 notes only. It was then that the police party swooped and arrested them,” said Lt-Col. Al Darmaki.

According to the initial police investigations, one of the accused Africans had been arrested previously in another emirate for the same crime and deported. He returned to the UAE by using another passport and a different name. Lt.Col. Al Darmaki said the same accused had cheated several people by promising to multiply money by using ‘magic’.



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