Punjab

Police arrest seven, recover millions from fake currency factory

LAHORE: Police on Thursday arrested seven people and seized a huge amount of fake currency including US dollars and UAE Dirhams during a raid on a factory in Lahore.

The fake currency, which also included Pakistani rupee, was worth millions of US dollars, Umar Virk, senior police official in Lahore told AFP.

“Immediately it is difficult to estimate the exact amount because it is huge quantity of fake currency,” Virk said.

Lahore police recovered machines, equipment, chemicals and a large amount of other material used to print fake currency. Officers had been searching for the facility for some time and had recently raided a number of houses, Virk said.

Police and the Federal Investigation Agency (FIA) have arrested dozens of criminal gangs involved in the production of fake currency in the past but the recovery of such a huge quantity of local and foreign currency is rare.

Virk said further investigations were underway and police were questioning gang members with a view to arresting “other members of the group”.

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