Police in Spain, Italy and Greece have dismantled a criminal organization of Pakistani origin that has produced and distributed over €1 million ($1.1 million) in counterfeit €100 notes. DW reported The authorities arrested 14 people, including the ringleaders of the operation. The fake money produced by the gang was good enough to pass through ATMs and other machines undetected, Spanish police said. The banknotes were distributed in several countries.
The banknotes produced by the organization were made by hand, were very high quality, as they used special inks, watermarks and different elements designed to circumvent the detection mechanisms,” said Spanish National Police spokeswoman Elisa Rebolo.