Bulgaria busts counterfeit euro distribution gang

Bulgarian authorities have busted an organized criminal group responsible for distribution of counterfeit euro banknotes and arrested six suspects, authorities said here on Friday.

The suspects were arrested on Wednesday in the capital city of Sofia and Sandanski, a spa resort near the border with Greece, the Ministry of Interior and the national Prosecutor’s Office said in a joint statement.

Authorities found and seized 611 fake 200-euro banknotes, as well as U.S. dollars, Ukrainian hryvnias and Macedonian denars suspected to be counterfeit, the statement said.

The evidence gathered so far indicated that the gang was established in September 2018 with the aim of distributing counterfeit euro banknotes in Bulgaria, which would subsequently reach other European Union countries, the statement said.

It is in a process of clarification whether the counterfeit banknotes were produced in Bulgaria or imported for distribution from another country, it added.