myanmar central bank
Police has arrested a counterfeited money trader lately in Mandalay, according to Mandalay Region Police Department.
He was suspected of trading forged cash with 150,000 faked Kyat for 100,000 genuine.
A man known as Sithu (aka) Sithu Myint, 27 was changing counterfeited money illegally for 5000K notes and 1000K notes in Maha Aung Myay, a township within Mandalay City when the police was gathering information at around 9:30 PM on February 2, 2013.
Police officers disguised themselves as clients and made an appointment to meet with Sithu at the City Garden in the city to change money at noon on February 6.
Sithu was arrested for possession of a counterfeited 5000K note and 126 notes of 1000K as he arrived on a motorcycle at the appointment place.
Police found out that he was doing the illegal job in connection with another suspect named Thet Tin living in a ward west of Aung Myay Tharzan Township in Mandalay.
But Thet Tin was escaped when the police searched his house with a warrant the day after.
Lwin Zar Khine, his sister was arrested for possession of faked 193 notes of 1000K.
The case is now under investigation and the search for Thet Tin is on, according to officials.
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