November 5, 2018

Bulgaria busts fake banknotes workshop

Bulgaria busts fake banknotes workshop

The Bulgarian Authorities have neutralised a printing house for counterfeit banknotes and arrested three suspects, the Interior Ministry said in a press release on Monday.

During the operation, the authorities have found and seized fake 100-U.S. dollar banknotes in varying degrees of completion, totaling about 1.35 million dollars, the ministry said.

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“The inks used for their production imitate magnetic ink, and this makes the fakes extremely difficult to be recognised,’’ the ministry said.

Another high-tech printing house for counterfeit 500-euro, 100-euro and 50-U.S. dollar banknotes was also busted in the Balkan country in October.

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The fake banknotes worth nearly 14.5 million dollars were of extremely high quality and had all the elements of protection like real banknotes, such as a watermark, the authorities said.