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Police in Nairobi burst fake currency syndicate, seize $1m fake notes, gold bars

Thursday September 26, 2019

Police in Nairobi have burst a fake currency and gold ring syndicate confiscating $1 million fakes notes and gold bars.

According to the Daily Nation newspaper, detectives from the Directorate of Criminal Investigations raided a club in Nairobi’s Kilimani area where they uncovered the fake notes and 147 gold bars.

A number of suspects including a flamboyant personality were arrested in the sting operation which is among a growing number of fake currency syndicates in Nairobi. Vehicles at the compound of Plan 254 Club were carted away by detectives.

Early this month, police collected fake currency notes amounting to close to $3 million in Nairobi’s Ngong road after they were dropped from a speeding vehicle.

On March 19, police seized fake $20 million in a safety box at Barclays Bank, Queensway branch in Nairobi.

Authorities in Kenya have been fighting the fake currency syndicate as the country gears to face out 1000 Shilling notes in a week’s time. The Central Bank said it was forced to take the measures to curb money laundering. It introduced new currency notes in June with new security features.