UAE- 3 arrested in fake currency case 

(MENAFN - Khaleej Times) The Dubai Police have arrested a gang of three Iranians and is on the lookout for the fourth in a case of fake notes.

Brigadier Khalil Ibahim Al Mansouri, Director of the Anti-Economic Crime Department, said the police were informed by an money exchange office in Souq Murshid that an Iranian had come to the exchange for converting Dh100,000 into euros. The staff noticed a slight difference in the currency and hence the police were informed and the man was arrested. The cash was all in Dh500 denomination.

During interrogation, the customer confessed that the money was forged and that it belonged to another Iranian. The police laid a trap for the second suspect by making the first suspect say that the money had been changed. He was asked to collect the money from the first suspect and was caught red-handed.

On searching his house in the Murshid area, the police did not find any equipment used for the forgery. However, more forged Dh500 notes were found.

The officer said the two men had received the money from a third suspect who is the main source of supplying forged notes. The men confessed that they had exchanged the forged notes at an exchange centre earlier.

The police laid a trap and arrested the third suspect from a gas station on emirates road where he frequently met the other suspects.

Al Mansouri added that money was supplied by another Iranian living outside the UAE, against a commission. The Dubai Police have issued an arrest warrant against the fourth suspect and has referred the three suspects to the Dubai Public Prosecution.