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UAE seizes $10 million worth of counterfeit money

14.04.2015  |  04:58
UAE seizes $10 million worth of counterfeit money

The Criminal Investigation Department (CID) at Abu Dhabi Police had foiled an African gangs attempt to sell and distribute counterfeit money amounting to $10 million. This had been described as the largest seizure of its kind in Abu Dhabi since the beginning of the year.

The Criminal Investigation Department (CID) at Abu Dhabi Police had foiled an African gangs attempt to sell and distribute counterfeit money amounting to $10 million. This had been described as the largest seizure of its kind in Abu Dhabi since the beginning of the year.

Colonel Dr. Rashid Mohammad Borshid, Head of the Criminal Investigation Department (CID) at the Abu Dhabi Police, emphasized the commitment of the police to protect the interests of society and security, and to spare the public from any criminal activity that threatens their livelihoods or their gains.

According to him, "Counterfeit money threatens the economic security and stability of individuals and institutions, it siphons away from their gains and undermines the confidence in cash currencies," he said.

He reassured the public that the eyes of the police are ever-vigilant and are always watching over the safety of the nation and of each individual. "We can assure you that we always strive to strengthen the ways in which we benefit you and protect you from the clutches of evildoers." Colonel Borshid said: "The CID received a tipped-off regarding the intentions of ‘A.A. Oroo', a Cameroonian by nationality and a janitor by profession. He was living here illegally and intended to sell the extremely sophisticated counterfeit dollars for nearly $2.5 million."

He pointed out that the CID sent an undercover agent as an interested buyer, who then arranged to meet with the suspect in one of the capital's hotels to inspect the counterfeit money. "The suspect arrived to the designated location and was caught red-handed as he opened the bag containing the counterfeit money. Much to the surprise of the suspect, we had set up an ambush prior to his arrival," he said. According to Colonel Borshid, during interrogations the suspect claimed that he was merely the middle man, and that the money did not belong to him. He claimed that he was acting on behalf of a fellow countryman, of whom he had met a month ago on ‘Tango', and had traveled from another emirate in order to meet the owner of the counterfeit money. He confessed to agreeing to find a buyer for the money for 900,000 Dhs. "From the information provided by the first suspect, we were able to identify the owner of the counterfeit money alongside an additional suspect," he said.

He praised the efforts of the community and for their cooperation in maintaining the safety and security of the UAE and urged the public to never hesitate in reporting any suspicious activities, so that the police can fully protect them against any potential threats.

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