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Myanmar bust fake banknote gang

Posted by pakin On December - 3 - 2014


More than $90,000 worth of counterfeit Myanmar banknotes was seized by police in the country’s Mon State last week.

A senior police official who asked not to be named told DVB that, following a tip-off, 9,000 fake 10,000-kyat notes were seized at a restaurant in Bilin Township of Thaton district from four men who had travelled from Taunggyi in Shan State.

“The counterfeit banknotes were produced using colour printers – but they have a longer width and shorter height than real 10,000-kyat bills,” he said. “Also, the forged notes do not have watermarks and their serial numbers appeared crooked and blurred.” The four men – named as Thein Zaw, Thet Lwin Oo, Myo Hlaing and Min Htike – were arrested and charged by Bilin Township police under articles 105, 106 and 107 of the Central Bank of Myanmar Law.

A fifth man, named as Tint Lwin, who allegedly sold the counterfeit notes to the four for 30 million kyat ($30,000), is still at large and thought to be in hiding in Taunggyi.

Police have urged members of the public to carefully inspect banknotes before accepting them, and to inform the nearest authorities if they come across suspicious-looking bills.

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