6985
Counterfeiters Nabbed
Economy, Business And Markets

Counterfeiters Nabbed

Police have arrested a gang of forgers with over a thousand counterfeit notes near the Turkish border on Monday, Banker News reported. The raid took place in Khoy in the northern province of West Azerbaijan, near the border with Turkey. In the raid, police officers nabbed one gang member and confiscated 999 counterfeit cash checks with a nominal value of 500,000 rials ($14.3) along with 64 counterfeit bank checks from an undisclosed bank, according to local police chief colonel Ghassem Alidoust. The gang member “has confessed that they had forged the money abroad” and were planning to distribute the notes in Urmia – the capital of West Azerbaijan Province, Alidoust said. This is the second time this year that the police have nabbed a gang of forgers. A few months ago, members of a counterfeit ring were caught during an undercover police operation in the capital Tehran. Those men had also plotted to flood the country with 500,000-rial cash checks.

Short URL : http://goo.gl/UqEcVV

You can also read ...

Iran, India Reinforce Economic Ties With Chabahar Deal
The development of the strategic Chabahar Port is becoming a...
Banks, Petrochems Dominate List of Iran’s Largest Companies
Iran’s Industrial Management Institute released on Sunday the...
3rd Turkish Border Gate With Iran to Operate 24/7
Turkey is working to keep a third border gate with Iran open...
The forex volatility had caused widespread concerns among the public and investors .
After weeks of wild rallying, the US dollar has lost its...
Insurance E-Marketing Rules Notified
The Central Insurance of Iran has published rules to regulate...
MPs Weigh FATF’s Impending Decision
As the 700 delegates from 203 jurisdictions of the Financial...
Tehran Housing Construction Permits Rise in H1
The number of residential construction permits issued in...
New US Probe May Dim Boeing Deal Prospects
An Iranian airline under sanctions by the US for ferrying...

Trending

Googleplus