RAK Police nab gang with fake currency notes worth $7.5m

The General Command of Ras Al Khaimah Police, in cooperation with the Criminal Investigation Department of the Ministry of Interior, apprehended a criminal gang consisting of 3 Arab nationals, charged with possessing counterfeit foreign currency with a value of $7.5 million, intending to circulate it.

The details date back to the time when information was received from a source about a businessman in RAK planning, with the help of two people, to circulate counterfeit currency in an attempt to gain wealth through illicit gain.

Instantly, a team was formed from the Economic Crimes Department and the Criminal Investigation Department, with the help of secret sources, where the gang was caught with samples of the counterfeit currency.

Upon searching their homes, $7.5 million in counterfeit currency were seized, so legal action was taken against them, and they were referred to the Public Prosecution.

RAK Police affirmed that involvement in currency counterfeiting operations for the purpose of possession or circulation is considered a serious crime punishable by law, as it affects the national economy.

They urged community members to avoid falling victim to financial deception and counterfeiting, and to promptly report any suspect counterfeiting operation to the authorities in order to expedite the arrest of the perpetrators and hand them over to justice.