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Conflict Incident Report
Transnational counterfeit currency network busted
General Security announced that they had captured an international network of currency counterfeiters that smuggled fake cash between Lebanon and Iraq.
Suspect B.H.F., born in 1974, made confessions following his detention that led to the arrest of Lebanese national M.H.M., born in 1975, a General Security statement said.
Upon raiding the latter’s home, General Security said they discovered a counterfeit currency production facility. A total of $848,000 and 4.1 Million Iraqi dinars ($3,434) in fake currency were found in the property, in addition to scanners, papers used to print money, cell phones, electronic devices and a large quantity of weapons and ammunition.
Having been confronted with the evidence, the suspect reportedly admitted to heading a gang that produces fake currency destined to be smuggled into Iraq by a man identified as Iraqi national Y.N.R., who was arrested by Iraqi authorities at Baghdad’s airport while trying to smuggle currency into the country.