Counterfeit cash gang bust in Alicante, Costa Blanca

COMPLEX: The fact people tend not to check whether €5 notes are genuine made the investigations more complicated. CREDIT: Policia Nacional

POLICE have broken up an Alicante-based gang dedicated to the distribution of fake €5 notes.
Six people are under arrested, among them the suspected group leader, following the detection of numerous counterfeit bills in Madrid, the Valencian Community, Cataluña, Andalucia and Portugal.
Police said investigations were first launched in 2015 after registering an important increase in the number of fake notes in circulation, especially in Alicante province, and that there have been a number of operations since that time.
Police also commented on the complexity of the investigations given that members of the public do not usually think to check whether €5 notes are genuine or not, hence they do not report incidents. As a result, the information on the dodgy cash stemmed from what was detected on the finance circuit.
Different lines of police investigations led to the discovery of the falsified notes in various parts of Spain and over the border in Portugal. They also resulted in the identification of a number of individuals with police records for similar criminal activities.
Once police had pinpointed the possible origin of the counterfeit money they carried out raids on two properties in Alicante city. In one officers found 526 fake €5 notes.
Police said the success of the operation meant one of the oldest organisations specialising in fake cash circulation had been dismantled.

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Cathy Elelman

Cathy Elelman is the local writer for the Costa de Almeria edition of the Euro Weekly News.

Based in Mojacar for the last 21 years, Cathy is very much part of the local community and is always well and truly up on all the latest news and events going on in this region of Spain.

Her top goals are to do the best job she can informing the local English-speaking community, visitors to the area and the wider world about about the news in Almeria, to learn something new every day, and to embrace very new challenge this fast-changing world brings her way.

Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

Comments


    Leave a comment

    Your email address will not be published. Required fields are marked *