Authorities in Ras Al Khaimah have arrested three Arab nationals for possessing and planning to circulate counterfeit foreign currency worth $7.5 million (Dh27.5 million).
According to a Khaleej Times report, the arrests followed a tip-off about a businessman in Ras Al Khaimah who, along with two accomplices, intended to distribute the counterfeit money.
In collaboration with the Ministry of Interior’s General Department of Criminal Security and the Criminal Investigation Department, Ras Al Khaimah Police formed a specialised task force to investigate. Through undercover operations, the suspects were apprehended, and samples of counterfeit currency were seized. Further searches of their residences uncovered additional counterfeit money.
Legal action has been initiated, and the suspects have been referred to the Public Prosecution.
Ras Al Khaimah Police warned that counterfeiting currency is a serious crime punishable by law, emphasizing its impact on the national economy and financial confidence.
