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Person from Armenia detained as police cracks Russia’s largest counterfeit money gang

18.12.2012 13:26

Person from Armenia detained as police cracks Russia’s largest counterfeit money gang

YEREVAN, December 18./ARKA/. Police have uncovered Russia’s largest counterfeit currency network responsible for producing over 40 million rubles ($1.3 million) of fake banknotes, including euros, each month, the Interior Ministry reported on Tuesday, RIA Novosti informs.

“This is the first time the police have uncovered the production of fake euros in Russia. The sale of counterfeit banknotes was identified in virtually all Russia's federal districts, and also in the Republic of Belarus, and in Ukraine,” the ministry said in a statement.

“According to available data, some of these banknotes went to finance extremist organizations in the North Caucasus,” the statement said.

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