Four held in UAE for trying to sell fake Indian currency
Posted on Aug 28 2014 | IANS
Dubai, Aug 27 : Four people have been arrested in the UAE for trying to sell fake Indian currency worth 4.7 million rupees (around USD 78,000) to a businessman, a media report said here Wednesday.
The four men, identified as Asians in their 30s, approached a Dubai-based businessman to buy goods with the fake rupees. However, they soon switched the deal and proposed to sell the Indian 'rupees' in exchange for 140,000 dirhams, Gulf News reported.
The existing exchange rate put the value of 4.7 million rupees at 285,000 dirhams.
The businessman, who was shown a few samples of the 1,000 rupees bills, however, informed the police and sought an examination of the bills.
Police asked the businessman to go ahead with the plotted deal and arrested the suspects in Dubai's Naif area.
"The forgery was among the best we have seen," head of Assistant Police for criminal investigation affairs, Major General Khalil Ebrahim Al Mansouri, said.