{The Police ongoing investigations into the recent spate of fake Rwandan currencies in circulation especially in the City of Kigali has unearthed and led to the arrest of a ring of three men supposedly behind this financial crime said to be having ill-effects on the economy. } <\/p>\n
The trio; Marcel Siborurema 53, Eugene Gakwaya 38 and Jean de Dieu Simbigwira 26 were apprehended on Friday in Nyabugogo, Nyarugenge district after they were found in possession of Rwf1.3 million in Rwf5, 000 denominations, all fake. <\/p>\n
According to Supt. Modeste Mbabazi, Police spokesperson for the central region, investigations were launched on February 8 when a mobile agent in Nyabugogo fell victim. <\/p>\n
\u201cOn February 8, a person deposited fake money amounting to Rwf110, 000 at a Mobile Money agent in Nyabugogo, who noticed that it was fake as she was submitting the report at an MTN centre,\u201d Supt. Mbabazi said. <\/p>\n
He explained that that person withdrew that money few minutes later at a different mobile money agent. <\/p>\n
\u201cWe trailed him until he was arrested few days later, but he told us that he got the money from other people. He led us to these three others, who were caught red-handed on Friday at about 6:30pm in Nyabugogo, with 260 fake notes in Rwf5, 000 denominations as they were in the process of distributing it,\u201d he said. <\/p>\n
\u201cWe are still investigating if there are other people involved or if these three actually the ones that counterfeit the money and sell or distribute it,\u201d Supt. Mbabazi explained. <\/p>\n
According to Senior Supt. Eric Kanyabuganza, the Director of the directorate of Economic and Financial crimes unit under CID, cases related to counterfeit money are very few. <\/p>\n
\u201cWe receive cases related to fake money deposited at Mobile Money or Tigo cash agents and even when buying commodities in shops, but it is not a serious issue but it can be serious if it is not dealt with at early stage,\u201d said SSP Kanyabuganza. <\/p>\n
\u201cVarious measures were initiated including equipping officers with skills to investigate financial crimes, working with financial institutions like banks to detect and apprehend fraudsters especially those that use fake cheques and electronic cards,\u201d he added.<\/p>\n
RNP<\/p>\n","protected":false},"excerpt":{"rendered":"
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