Police bust Gabane fake currency gang

Mbongeni Mguni | Wednesday July 26, 2023 11:53

 

Illustration: Bank notes

The gang is believed to be responsible for a surge in fake notes this year, where the Bank picked a staggering 3,214 counterfeits between January and June, compared to 917 for whole of last year. The most affected currency is the P200 notes. "In April, there was a report in the Francistown and Tonota policing area of 3,196 counterfeit P200 notes. "The investigations revealed that the production house is around Gabane at a genuine business, a stationary business, and the police raided the business and confiscated the equipment from there," Loeto said.