Ras Al-Khaimah Police have seized AED27.5 million ($7.5 million) in counterfeit currency after receiving a tip-off that it was going to be distributed into circulation.
The General Command of Ras Al-Khaimah Police, in cooperation with the General Directorate of Criminal Security, arrested three people of Arab nationality, on the charge of possession of a counterfeit foreign currency with the intention of promoting and circulating it.
A criminal investigations department team, with the help of secret sources, was formed to investigate the premises where the fraudulent notes were seized. More bogus bank notes were subsequently.
Ras Al-Khaimah Police confirmed that engaging in the counterfeiting of currency in all its forms is a serious crime punishable by law as it touches the national economy, disturbs financial confidence in internal and external financial markets.
Sheikh Mohammed honours Egyptian professor with 'Great Arab Minds' award
UAE announces $550 million for UN’s 2026 Global Humanitarian Overview
UAE bans travel to Mali, urges nationals to return
Rain, dusty conditions forecast across UAE from December 12
UAE continues to send aid to assist flood-hit Sri Lanka
