Dollar Counterfeiting Network Disbanded in Iran

A large network counterfeiting bank notes, traveler’s checks, bank drafts and governmental papers and documents was disbanded by Iranian intelligence forces here on Tuesday. Two of the band members were identified and arrested while exchanging 120,000 counterfeit dollars in Tehran. Later in the day, the headquarters of the band was identified by intelligence forces, where they discovered 400,000 more of counterfeit dollars – some of them are said to be even uncut – as well as a pile of forged documents, papers and currencies, including traveler’s checks, coins, Euros and Dirham, driving license, university and school certificates and decrees, forms and seals of the army, the Islamic Revolutionary Guard Corps (IRGC) and Basij (volunteer troops).

According to FNA reports, the rest of the gang, operating in the southwestern province of Khuzestan and northern province of Gilan, have also been arrested.

Intelligence forces succeeded in disbanding the entire network before its members could trade the counterfeit dollars.

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