Polish police nab largest-ever currency counterfeiting gang

21st July 2009, Comments 0 comments

Authorities suspect the gang could have put several million zlotys-worth of fake banknotes into circulation in recent years.

Warsaw -- Polish police have arrested three Poles suspected of running the country's largest-ever operation counterfeiting euros and Polish zloty banknotes, national police headquarters said earlier this month.

"Police from the Central Bureau of Investigation have liquidated the largest ever currency counterfeiting found in our country," a police statement said.

Authorities suspect the gang could have put several million zlotys-worth of fake banknotes into circulation in recent years.

Three men aged 25 to 46 were taken into police custody after investigators found offset printing machines and tens of thousands of fake zlotys and other bills in various stages of production at an undisclosed location in south-eastern Poland.

Investigators found several hidden chambers containing printing machines able to produce fake 100 zloty and 50-euro notes.

The investigation was launched after police determined that fake 100 zloty banknotes surfacing across the country were more than likely from a single source.

The suspects who were placed under temporary arrest face up to 25 years behind bars if found guilty of currency counterfeiting.

In April Polish police broke up a criminal gang that spread forged 50- and 100-euro banknotes across the European Union, notably in France, Germany, the Netherlands and Spain.

The ring involving 32 people, including Poles and one Romanian national, was suspected of having put tens of thousands of fake euros into circulation across the 27-nation bloc.

AFP/Expatica

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