Police arrest international network of euro counterfeiters
Czech police in December arrested members of an organised network, which has allegedly been importing counterfeit 500 euro banknotes in the Czech Republic. According to the police, the money was forged in Bulgaria and distributed in the Czech Republic and other EU states. Spokesman of the Czech Police's Organised Crime Unit Pavel Hanták said on Friday that the group produced 90 percent of all fake 500 euro banknotes seized in the Czech Republic last year. Nine members of the group, including one Czech national, were charged with counterfeiting so far. If found guilty, they are facing up to 12 years in prison.