Ras Al Khaimah Police arrests a gang peddling counterfeit foreign currency

The Ras Al Khaimah Police General Command, in cooperation with the General Administration of the Federal Criminal Police and the Federal Investigation Department of the Ministry of Interior, was able to arrest a gang consisting of 3 people of Arab nationalities, on charges of possessing counterfeit foreign currency with the intention of promoting it. The counterfeit financial seizures amounted to (7 million and 500 thousand US dollars) after receiving information from a source.

It revealed the planning of a businessman in the Emirate of Ras Al Khaimah, with the help of two other people, to promote counterfeit foreign currency, in an effort to achieve extreme wealth through illicit gain.

In detail, a working team was immediately formed to combat economic crimes, from the Criminal Investigation Department of Ras Al Khaimah Police, with the help of confidential sources, to deal with the incident, as the gang formation was seized with samples of counterfeit currency, and by searching their homes, (7 million and 500) were seized. One thousand US dollars) of counterfeit foreign currency. Legal measures were taken against them and they were referred to the Public Prosecution.

Serious crime

Ras Al Khaimah Police confirmed that involvement in counterfeiting currencies in all its forms, for the purpose of possession or promotion for illicit gain, is a serious crime punishable by law as it affects the national economy and undermines financial confidence in the internal and external financial markets.

Ras Al Khaimah Police appealed to members of the community to avoid falling victim to financial deception and counterfeiting, and to quickly notify the relevant authorities and security authorities as soon as a counterfeiting operation is suspected, to speed up the arrest of the perpetrators and hand them over to justice, to enhance the quality of security life in society, and to ensure economic sustainability and support progress and development in the country. .