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.
UAE, Slovakia discuss bilateral relations in Bratislava meeting
Emirati mountaineer becomes youngest Arab to climb over 7,000 metres
UAE stands in solidarity with Japan after deadly earthquake
UAE Floating Hospital fits 51 prosthetic limbs for Palestinian amputees
UAE discusses digital governance, content safety with Meta
