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Two men arrested trying to deposit Shs12 million in fake Dollar, Pound

Ali Kasujja and Alfred Mugabe were bold enough to walk into a banking hall in Kampala with $1,800 (about Shs6.7 million) and £1,100 (about Shs5.3 million) counterfeit notes. They tried to deposit the money but a teller spotted the fraud and alerted Police.

FRAUD | Police at Kira Road are holding two men arrested at a local bank while allegedly attempting to deposit counterfeit US Dollar and British Pound notes, worth Shs12 million to a bank teller.

Police say Ali Kasujja, 45, and Alfred Mugabe, 33, from Mpererwe in Kampala were in possession of $1,800 (about Shs6.7 million) and £1,100 (about Shs5.3 million) counterfeit notes.

A teller at Opportunity Bank, Kamwokya Branch, in the city centre noticed the bills felt unusual as she counted the money, confirmed they were fake after further testing and alerted his superiors, who called Police.

Kampala Metropolitan Police spokesperson Luke Owoyesigyire confirmed the arrest.

“I can confirm that we’ve arrested two men who were found in possession of counterfeits and investigations are underway,” he said.

Upon questioning, Kasujja told Police that the counterfeit notes were being printed from Kenya and sold to various rackets in the counterfeit business to transact.

A bank official, who spoke on condition of anonymity, said tellers were shocked to see someone who wanted to deposit so much cash in an economy grappling with a shortage of US Dollars.

“When we informed them that their notes were fake, they laughed it off. Instead, one of them insisted the money was genuine and claimed he had just received it from his nephew who works in Canada,” a bank official said.

Last month, Old Kampala Police bust a fake notes syndicate operating in the city centre where a gang would buy small items at grocery shops using forged Shs20,000 notes to get change in genuine currency.

The two suspects are currently detained at Kira Road Police Station and are to be arraigned before courts of law on charges of issuing counterfeit notes.

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