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HomeNewsEconomy$1 billion worth of counterfeit money intended for Africa intercepted by Turkey

$1 billion worth of counterfeit money intended for Africa intercepted by Turkey

Turkish security forces in Istanbul have seized $1 billion worth of counterfeit currency and arrested six individuals involved in the operation, including one person from Ghana and three individuals from Sweden, according to an announcement by the governor’s office on Friday. The suspects were tracked down by Gendarmerie forces to a storage facility located in Istanbul’s Kagithane district, where they had stored the fake $100 bills intended to be sent to African countries. The suspects’ residences were searched, leading to the confiscation of cash and jewelry. The Swedish and Ghanaian consulates were also notified about the arrests and seizure. This operation results in the largest counterfeit money bust in the history of Turkey, as stated by the governor’s office.

Reporting by Ali Kucukgocmen; Editing by Richard Chang

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Author: Turkish News