• Short Summary

    In Turkey, police have arrested a gang of counterfeiters, and seized forged currency worth nearly nine million dollars.

  • Description

    In Turkey, police have arrested a gang of counterfeiters, and seized forged currency worth nearly nine million dollars. The counterfeit currency included United States dollars and Swiss Francs, and the counterfeiters are said to have confessed that, in the last four months, they had passed notes worth 28 million dollars onto the market.

    SYNOPSIS: The money was seized by the Turkish financial police, who had been working closely with Interpol. It has been found at a house in Uskudar, Istanbul, and sacksful of the illegal notes were put on display on Wednesday (1 March).

    The dollars had been printed in Turkey, and the Swiss francs were made in Italy. The notes were passed into circulation in the Middle East and Europe.

    It was minutely planned swindle, with million of dollars carefully spread around in several countries. The impact of the bogus money has been felt throughout Europe and the Middle East, and police investigations are continuing.

    So far, Turkish police have arrested the alleged leader of the counterfeiters, and 10 others, including the man who is said to have printed the forged currency.

    One man is reported to have invested 194,000 dollars in the conspiracy, and another, arrested in Austria two months ago for being in possession of two tons of hashish, is said to have brought 474,000 forged Swiss francs (66,000 dollars) into Turkey, and put them on the market.

    Ironically, the police chose to display the forged notes on the same day that the dollar was plunging on world money markets, and Turkey itself was announcing a drastic devaluation of the lira.

  • Tags

  • Data

    Film ID:
    VLVA8WJW0K5HYD0C6FFLWB6DI5G5G
    Media URN:
    VLVA8WJW0K5HYD0C6FFLWB6DI5G5G
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    02/03/1978
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:34:00
    Time in/Out:
    /
    Canister:
    N/A

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