Malian troops arrest forex counterfeiting kingpin, seize 5.3bn faux notes

Malian troops on Friday arrested the mastermind of a counterfeiting trafficking community in possession of 5.3 billion CFA francs in counterfeit notes, the communication services of the Army told PANA on Saturday.

The military claimed the Counterfeit Main was arrested in Niamana, east of Bamako.

In accordance to the source, the arrested particular person, whose identity was not disclosed, is a “false marabout residing in Niamana” and the notes recovered from him are “in denominations of 5000 FCFA, 100 euros and 100 US dollars”.

The commander of the gendarmerie region of Bamako, Col. Seydou Kamissoko, first of all congratulated the commander of the Research Brigade on the remaining financial institution of Bamako, who carried out this report seizure, many thanks to the details collected in the discipline from the inhabitants.

The army said investigations are underway to apprehend accomplices of the community, described as criminals whose actions are detrimental to the country’s economy.