mmegi

Police bust Gabane fake currency gang

Wednesday, July 26, 2023 | 1980 Views |

Bank of Botswana chief financial officer, Daniel Loeto, says a group of 12 young Batswana were recently arrested in Gabane with counterfeiting equipment.

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

pula
money

Dow makes history as BCP vice president

Tsaone Basimanebotlhe | 2d ago

Detective Mjein releases single titled Baba Ngiyacela

Laone Choeunyane | 2d ago

Botswana players follow new path to Zimbabwean league

Kabelo Boranabi | 2d ago

Ghetto Yankees, Extravaganza surprise package

Calistus Kolantsho | 2d ago

Women’s tennis team pulls remarkable feat

Mqondisi Dube | 2d ago

After a brief pause, BFL feud heads into round two

Mqondisi Dube | 2d ago

Botswana at a crossroads

BJORN LOMBERG* | 17 Jul 2026

ILES readies Botswana for new labour law

Kabelo Boranabi | 23 Jul 2026

Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Mmegi Editor | 17 July 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More