Alleged counterfeiters arrested in Russia

Dec. 4, 2013 at 2:44 PM   |   0 comments

MOSCOW, Dec. 4 (UPI) -- A counterfeiting ring in Russia's North Caucasus republic of Dagestan was broken up and four suspects were arrested, police said Wednesday.

Fake currency totaling more than 2 billion rubles ($60.1 million) was seized from an apartment, all in 5,000-ruble ($150) notes, a police statement said, adding officials pinpointed five attempts to put the money into circulation since beginning their investigation earlier this year.

Five members of the ring were detained and taken to Moscow, where four were placed under arrest ahead of charges, the Russian news agency RIA Novosti reported.

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