Police bust money counterfeiting racket at Nasser Road

Police in Kampala have in detention a group of eight people who were nabbed in a sophisticated money counterfeiting ring.

Luke Owoyesigire showing some of the counterfeit money seized in the police operation
  • Group of eight people detained for sophisticated money counterfeiting ring in Kampala
  • Principal suspect and seven accomplices arrested at Elite Arcade on Nasser Road
  • Significant amount of counterfeit bills in multiple currencies seized during raid

The suspects were arrested in an operation at the Elite Arcade on Nasser Road, a known commercial hub in the city.

The raid was carried out by a team from the Directorate of Crime Intelligence in collaboration with other security agencies.

The principal suspect, identified as Mukasa Ronald, was apprehended alongside seven accomplices: Mugumya Geey, Brian Abaho, Joel Kagame, Ogadi Ronald, Namuwaya Shadia, Segwayi Rodgers, and Abu Mayanja.

This group is alleged to have been deeply involved in the creation, distribution, and sale of counterfeit currencies from a shop designated A-08 within the arcade.

During the raid, authorities seized a significant quantity of counterfeit bills in multiple currencies.

Among the currencies recovered were Ugandan shillings, South Sudanese Pounds, US Dollars, Euros, Rwandan Francs, United Kingdom Pounds, and Kuwaiti Dinars.

In addition to the fake currencies, law enforcement officials confiscated a variety of tools and materials used in the counterfeiting process.

Items seized included films, speciality papers imprinted with images, various chemicals, numerous computer CPUs, monitors, digital printers, and even suspected forged land titles and academic documents, pointing to a broader spectrum of fraudulent activities beyond just currency.

Luke Owoyesigire, the spokesperson for the Kampala Metropolitan Police, said the suspects will be charged with dealing in counterfeits and will be subsequently arraigned in court once the investigations are concluded.

He reaffirmed the police's commitment to upholding the integrity of the financial system and promised continued efforts to eradicate such criminal enterprises.

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