Two men have been arrested after they were found in possession of fake currencies worth KSh750 million.
The men identified as Samuel Maina and Boniface Mungai were arrested from an apartment in Kilimani area where they had kept the fake papers in Kenyan, US, and Euro bills.
The money was kept in metal boxes.
Police say they recovered chemicals and fake badges bearing names of UN, Della Rue and National Treasury and several safes.
According to police, they also recovered bags, machines, two bottles and jerycan containing unknown liquid, assorted documents, customs reflector jackets, stickers, and stamps for various offices with their seals.
Police said the fake money recovered was in US Dollars of 100 bills amounting to 6,820,000 US Dollars, fake Euros 100 bills totaling to 490,000 Euros and fake Kenya shillings note of one thousand denominations totaling Sh6.4 million.
Police suspect the men were planning to con unsuspecting customer or banks.
Nairobi police boss Augustine Nthumbi said they are investigating to establish if any of the fake currency had circulated into the market.
“We warn anyone against handling such money. It is criminal and has a bad impact on the economy,” he said.
Dozens of suspects have in the past years been arrested in connection with the incidents and charged in court.
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