Coun­ter­feit money cir­cu­lat­ing in Man­dalay

The Myanmar Times - - News - THAN NAING SOE thannaing­soe@mm­times.com – Trans­la­tion by Zar Zar Soe

PO­LICE are in­ves­ti­gat­ing ban­knote forg­eries af­ter the dis­cov­ery of 14 fake K10,000 notes in Man­dalay’s Maha Aung Myay town­ship on Septem­ber 27.

Po­lice were alerted to the forg­eries by a game shop owner, U Kway Kwin, who sus­pected he had been paid with phony cur­rency.

Af­ter an anal­y­sis, po­lice con­firmed that the notes were in­deed coun­ter­feit.

Po­lice said the fraud­u­lent notes were made with duller pa­per and are both 1 mil­lime­tre longer and 1 mil­lime­tre nar­rower than their gen­uine coun­ter­parts. Ad­di­tion­ally, the holo­graphic strip on the coun­ter­feit cur­rency did not change colour from ma­genta to green.

Po­lice be­lieve that the coun­ter­feits are be­ing smug­gled into the coun­try from Thai­land. The fake ban­knotes found in Maha Aung Myay town­ship share the se­rial num­ber of other forged notes found in Ba­gan, Hlaing Thar­yar, East Dagon, Minbu, Pon­nagyun and Thandwe town­ships.

Last week, po­lice ar­rested four sus­pects cir­cu­lat­ing coun­ter­feit K10,000 notes in Pon­nagyun town­ship. Ear­lier this month, fake K10,000 notes were found Myanma Eco­nomic Bank’s Thandwe branch.

In in­ves­ti­gat­ing the cur­rency forg­eries, lo­cal po­lice in Man­dalay are co­op­er­at­ing with Po­lice Ma­jor Soe Naing’s team from the Crim­i­nal In­ves­ti­ga­tion De­part­ment.

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