Detectives bust a global underground ring with millions of fake dollars in Nairobi

An intelligence-driven operation by detectives from the office of the director of criminal investigations has successfully stumbled to millions worth of money in US dollars hidden in a flat in Nairobi.

The busting of the global underground market by the police has raised concerns on whether Nairobi could be turning into a base for transnational fake cash cartels.

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Police from the serious crime unit have recently been spending millions trying to stop the counterfeit rings and have a message for people who don’t think twice indulging in the criminal act.

During the raid, police arrested seven suspects; Stephen Mark, Noah Amollo, Ian Otieno, Jotham Mugo, Joseph Majanga, Peter Otieno & Kevin Otieno who will be arraigned in court on Monday.

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The February 27 discovery of a cache of largely fake foreign cash amounting to Sh32 billion in a residential house in Ruiru town, 26km north-east of Nairobi, followed a series of similar cases in the past few years.

Inadequate information on the number of fake banknotes in circulation in Kenya, analysts say, makes it difficult to establish the impact it is having on the economy.

“When you look at where the money is being circulated…, that’s where things fall down in the Kenyan context. The problem is there has not been an in-depth study on what the value of fake cash is and how much is in circulation,” Patricia Rodrigues, an East African-based research analyst for London-headquartered consultancy, Control Risks, said in a recent interview.

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