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Bulgarian police uncover euro counterfeiting ring

13 April 2012, 16:12 CET
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(SOFIA) - Bulgarian police seized one million euros worth of fake banknotes and busted two illegal printing facilities, arresting nine alleged members of a counterfeiting ring, the interior ministry said Friday.

A 45-year-old Bulgarian man carrying 10,000 forged 100-euro ($131-dollar) banknotes was first arrested Thursday in Sofia. Eight more suspects were then detained in the capital as well as the towns of Kustendil and Veliko Tarnovo.

Police also uncovered illegal printing facilities in two flats in Sofia and Veliko Tarnovo, where they seized fake visas, car registration papers, diplomas and seals for various Bulgarian institutions.

Counterfeit banknotes in denominations ranging from 50 to 200 euros, as well as 100 US dollars, were also found at the printing facilities, police said.


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