Kenya: Cameroonian, 2 foreigners with $693mln fake money

The Kenyan police on Monday busted an international money laundering scheme involving a Cameroon and a Niger national who were arrested with having possession of $693 million worth of fake money stored in a house in Nairobi.

Inspector General of Police, Joseph Boinett, disclosed that a further 369 million of fake money was seized following a tip-off by a member of the public.

The police chief disclosed that security officers came across the haul following a tip-off by a member of the public.

He added that a Kenyan national had been conned off by the duo 40 million shillings($390,000) purportedly in exchange of US dollars and Euros that had been shipped in from Syria.

The subsequent police operation led to the discovery of $693 million in fake currency, he said in a statement issued in Nairobi.

Apart from the money, the police also discovered money-printing machines, money cutters, scanners, five safes, two computers, chemicals, masks and foil paper were also found in the house along Mombasa road.

He disclosed that Kenya has in the past received complaints from the government of Comoros over certain foreign individuals staying in Kenya are manufacturing fake currencies and circulating it in the economy.