Ras Al Khaimah Police arrests a gang peddling counterfeit foreign currency

The Ras Al Khaimah Police General Command, in cooperation with the General Department of Criminal Security, represented by the Criminal Investigation Department at 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 One thousand US dollars) after receiving information from a source, which revealed that a businessman in the Emirate of Ras Al Khaimah was planning, 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.

Ras Al Khaimah Police confirmed that involvement in counterfeiting currency operations in all its forms, for the purpose of possession or promotion for illegal 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, calling on members of society to avoid becoming a victim. Financial deception and forgery, and promptly notifying the competent authorities and security authorities immediately upon suspicion of forgery, to speed up the arrest of the perpetrators and hand them over to justice, in order to enhance the quality of life. Security in society, to ensure economic sustainability and to support progress and development in the country.