Africa-Press – Namibia. THERE is a possibility of counterfeit American dollars entering the Namibian market from Angola where the police discovered an outlet that produces fake money. It is not yet known for how long the outlet has been in operation and how many fake banknotes have already entered the market.
The discovery followed the arrest earlier this week of a retired senior officer of the Angolan Armed Forces (FAA) who was allegedly found in possession of US$50 million in counterfeit money.
The 62-year-old retired colonel and two accomplices aged 47 and 53, were arrested by detectives in the Huambo province on Monday. They were travelling in two vehicles carrying 50 bags stuffed with 500 000 fake US$100 notes.
According to the independent news agency Angola24horas, police investigators have established that the counterfeit money was printed in a printing shop in Luanda and the aim was to discreetly introduce the fake money into the Angolan market what would, inevitably, affect neighbouring countries, mostly Namibia which is the preferred destination for many Angolans.
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