Detectives from Kenya’s Special Crimes Prevention Unit have on Wednesday seized a huge cache of fake currencies, foreign and local, hidden in a residential house in Ruiru, a dormitory town for the capital Nairobi.
Police told the press that the counterfeit currency amounts to Ksh32 billion ($320 million) but did not say how they concluded on such a figure.
Ruiru police commander James Ng’etich said the money had been stacked in at least 20 metallic boxes.
The fake currencies are in euros, pounds, dollars and Kenyan shillings.
Three suspects — a couple and their female business associate — have been arrested.
The fake cash was stashed in at least 20 boxes that were found in the Ruiru house.
As investigations continue, the police have linked the money laundering syndicate to seven suspects who have been charged with defrauding a prominent Nairobi businessman by imitating President Uhuru Kenyatta’s voice.