Connect with us

Chiang Rai News

Woman Arrested with Over $500,000 Counterfeit US Banknotes

Woman Arrested with Over $500,000 Counterfeit US Banknotes

Published

on

Woman Arrested with Over $500,000 Counterfeit US Banknotes

CHIANG RAI – Police have arrested a 54-year-old woman with over $500,000 in counterfeit US $100 banknotes after a covert operation.

Ms. Masaras Nitisakyothin was taken into custody by officers after they searched her house Thursday.

They found two metal boxes containing counterfeit US$100 notes totaling $547,300.00

The first box had 4,949 banknotes, worth about $494,000 at face value. The second held 524 banknotes, with a face value of $52,400, according to police.

The team also found many black notes the same size as the $100 bills. The black notes were believed awaiting washing with chemicals, part of the counterfeiting process.

Woman Arrested with Over $500,000 Counterfeit US Banknotes

The raid came after border police learned that counterfeit US dollar notes had been sold in Chiang Rai.

Pol Col Wachira Phayanoi, posed as a buyer of counterfeit currency, Thai media reported.

Ms Masaras, arranged to meet Col Wachira at a nearby petrol station. She took him to her house and allegedly showed him counterfeit US dollar banknotes.

Pol Col Wachira obtain a court warrant to search her house, then revealed he was a police officer.

Ms Masaras was charged initially with possessing counterfeit foreign banknotes with intent to use. She was taken to Muang police station for legal action.