Ras Al Khaimah: The Criminal Investigation Department of Ras Al Khaimah Police said on Tuesday it foiled attempts to distribute counterfeit money.
Two suspects were arrested and Dh49,000 in fake currency was seized.
Colonel Abdullah El Munkis , Director of the CID of Ras Al Khaimah Police, said that the incident came to light when a person transferred funds from one exchange house in RAK and the exchange employee discovered the money was counterfeit.
Police were tipped off about illegal activities being carried out by the suspects and allegations that a number of people had been cheated.
Police formed a team to investigate the issue and managed to verify the accuracy of the information and identified the suspects and their whereabouts.
The police raided one suspect’s premises and discovered fake currency, the other suspect was arrested while he attempted to flee the country
The suspects initially denied that the counterfeit money belonged to them and said that it belonged to someone else. Later they told police that they had managed to convince many people that they could double their money and make them rich in a short time.
The suspects were planning to collect huge amounts of cash and flee the country.
The suspects confessed to their crime and the case was referred to the public prosecution.
Major General Ali Abdullah Bin Alwan Al Naimi, Commander-in-Chief of Ras Al Khaimah Police, praised police efforts in arresting the suspects swiftly.
