Flying Squad discover Sh2bn fake currency at Barclays Bank branch

Flying Squad officers have intercepted Sh2 billion in fake currency at Barclays Bank, Queensway branch in Nairobi.

Police sources said the owners were using the money to con people.

"It’s fake and was found inside a safe in the bank," the sources said adding that they are currently investigating the matter.

The bank in a statement said a customer who holds a personal safe deposit box at our Queensway branch was the one intercepted.

"Police are currently investigating the contents of his safe deposit box. We are assisting the authorities to investigate this matter fully," Barclays said.

Last month, officers from the Special Crimes Prevention Unit seized Sh32 billion in fake currencies, foreign and local, in a house in Ruiru.

Three suspects were arrested in the raid.

Ruiru police boss James Ng’etich said the cash was stashed in iron boxes. The suspects were identified as Joseph Munyao and Nancy Muthoni.

The 26 pieces of fake gold were recovered from Muthoni’s handbag. Munyao had a pistol for which he had a licence.