Four arrested in Dubai for trying to sell fake Indian currency

Four Asian men have been arrested here for trying to sell fake Indian notes with a face value of Rs 4.72 million to a businessman.

PTI| Updated: Aug 28, 2014, 18:53 PM IST

Dubai: Four Asian men have been arrested here for trying to sell fake Indian notes with a face value of Rs 4.72 million to a businessman.

The four suspects, all in their thirties, approached a businessman to buy goods using Fake Indian currency notes (FICN).

However, they changed their mind and told the Dubai-based businessman that they would sell him the Rs 4.72 million for 140,000 dirhams.

The existing exchange rate put the value of Rs 4.7 million at 285,000 dirhams.

The businessman, who felt there was something off about the deal, contacted the police and asked for the examination of Rs 1000 denomination notes given by the suspects as sample, Gulf News reported.

Police asked the businessman to go ahead with the plotted deal and arrested the suspects in Dubai's Naif area.

"The bills were very professionally forged that they would have tricked money exchanges and banks," said Major General Khalil Ebrahim Al Mansouri, Assistant to the Dubai Police Chief for Criminal Investigation Affairs.