The Criminal Investigation Department at the General Directorate of Criminal Investigation arrested two persons for engaging in fraudulent activities, claiming to convert ordinary paper notes into currency (US dollars) using chemicals.
In a statement on social media on Thursday, the Ministry of Interior (MoI) said that a specialist team was formed after receiving information about the fraudulent activities.
The accused were identified following a thorough search, investigation and information-gathering process.
After taking the necessary permissions in co-ordination with the competent prosecution, the two men – who were identified as African nationals – were caught red-handed.
They were found in possession of a large number of what are known as “black notes”, which were of the same size as US dollar notes, in addition to some chemical solutions, powder and other tools used to carry out the fraud.
The two accused confessed to the charges and were referred to the competent authorities, along with the seized items, to complete the procedures followed in this regard.
The competent authorities at the MoI urged everyone to ensure that financial transactions (currency exchange) are conducted through approved exchange companies and banks, and to avoid dealing with entities or persons who promote money exchange services with attractive rates outside the banking framework.
The accused were identified following a thorough search, investigation and information-gathering process.
After taking the necessary permissions in co-ordination with the competent prosecution, the two men – who were identified as African nationals – were caught red-handed.
They were found in possession of a large number of what are known as “black notes”, which were of the same size as US dollar notes, in addition to some chemical solutions, powder and other tools used to carry out the fraud.
The two accused confessed to the charges and were referred to the competent authorities, along with the seized items, to complete the procedures followed in this regard.
The competent authorities at the MoI urged everyone to ensure that financial transactions (currency exchange) are conducted through approved exchange companies and banks, and to avoid dealing with entities or persons who promote money exchange services with attractive rates outside the banking framework.
