Michael Ongwara, the Moroto District Police Commander, says the suspects were found in possession of Uganda Shillings 26, 840, 000 and Kenya Shillings 331, 000 Kenya shillings in counterfeit currencies.
Moroto police are holding six men accused of transacting business with counterfeit currency. The group, whose identity has been withheld by Police for fear of jeopardising their investigations, was picked up on Monday night from Acholi Inn, Katanga and Campswahili villages in Moroto municipality.
Michael Ongwara, the Moroto District Police Commander, says the suspects were found in possession of Uganda Shillings 26, 840, 000 and Kenya Shillings 331, 000 Kenya shillings in counterfeit currencies. Ongwara says the money was in the denominations of 50, 000 and 20, 000 Uganda Shillings and 1000 notes of Kenya currency.
He says two other suspects are still at large as they fled from the scene when police picked their colleagues. He notes that police started investigations the circulation of counterfeit currency in Moroto after one of the suspects was found with Shillings 40, 000 two weeks ago.
He says the group has been charged with possession of counterfeit money and will be produced to court.
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Among those arrested are Karimojong and Bamasaba tribesmen. Paul Lokii, a resident of Acholi Inn, says the conmen prioritised cattle trade using attractive prices and duped many into selling their cows.
He told URN that the group has been buying cattle from Naitakwae market and other markets in the area including villages. The DPC says police is yet to compile the list of people who were coned by the counterfeit cash dealers.