PHOTOS: Sh736 Million Notes Found in Kiambu Forest
Police officers on Tuesday recovered bundles of fake dollar notes totaling to Sh736 Million hidden in Muguga forest, Kiambu County.
The security agents acting on a tip-off linked the cache to a notorious ring known for manufacturing counterfeit currency.
According to Kikuyu Police boss Birgen Kiptoo, the officers were informed by the public about a safe that had been broken and people were stealing money from it.
The police boss observed that with the huge sum, the gang could have been in operation for a long period of time.
Mr Kiptoo indicated that the currency could have been en route to a bank to be exchanged for Kenyan notes.
No arrests were made during the morning incident.
Earlier in the year, Kenyan authorities arrested two foreigners with close to Sh112 Billion in fake currencies inside a house in Nairobi’s South C estate.
The duo, Ousman Ibrahim Bako a Cameroonian and Mohammed Sali alias Dr Mustafa, Niger national, were found with fake 693 Million US dollars, fake Euros amounting to 369 Million, money printing machines, money cutters, scanners, five safes, two computers, chemicals, masks and foil paper.