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Police Officer shows some exhibits of fake foreign currency recovered. Courtesy Photo

2 Nabbed for Issuing Fake Foreign Currency to City Bank

Upon questioning, one of the suspects identified as Ali Kassuja told police that the counterfeits were being printed from Kenya and sold to various wrong elements in the counterfeit business at a cheaper cost.
posted onOctober 19, 2018
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By Kampala Post Reporter

KAMPALA. Kira Road Police have arrested two men at Opportunity bank, Kamwokya branch for allegedly issuing $1800 and £1100 counterfeit notes to a bank teller.

The two identified as Ali Kassuja, (45) and Alfred Mugabe, (33), from Mpererwe have been nabbed after they allegedly tried to deposit fake notes into a city bank.

A teller at Opportunity Bank who noticed unusual notes as she counted the money confirmed they were fake after further testing and alerted his superiors who called the police.

Kampala Metropolitan Police Spokesperson Luke Owoyesigyire confirmed the arrest.

“I can confirm that we’ve arrested two men who were found in possession of counterfeits and investigations are underway,” he said in a statement on Friday.

Upon questioning, one of the suspects identified as Ali Kassuja told police that the counterfeits were being printed from Kenya and sold to various wrong elements in the counterfeit business at a cheaper cost.

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Suspects after their arrest. Courtesy Photo

A bank official who spoke on condition of anonymity said tellers were shocked to see someone who wanted to deposit such amount of cash in an economy grappling with a shortage of US dollars.

Read also: 70-Year-Old Woman Held over Circulation of Fake Currency

“When we informed them that their notes were fake they laughed it off. Instead, one of them insisted the money was genuine and claimed he had just received it from his nephew who works in Canada. He claimed his nephew got it from tips at his workplace,” said the bank official.

The suspects are currently detained at Kira Road Police Station vide SD REF 59/17/10/2018 and are to be arraigned before courts of law on charges of issuing counterfeit notes.

Read also: Counterfeiting Mastermind Arrested with Bag Full of Fake Currency

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