Turkish and Greek Cypriot gang prints fake dollars

NICOSIA

A Greek Cypriot woman carrying grocery bags walks past a mall in Nicosia. AFP photo

Some Turkish and Greek Cypriots have joined forces to form a counterfeit money printing gang that reportedly possessed $24 million of fake dollars, Turkish newspaper Milliyet reported yesterday.

Turkish Cypriot police conducted operations to combat the printing of counterfeit money and busted a gang of Turkish and Greek Cypriots, the newspaper said.

During an operation in Kyrenia, police seized 352 fake $100 bills from the vehicle of a Turkish Cypriot named Turan Kurşi.

Following Kurşi’s assertions, the police also took two Greeks, Tasoula Kosta and Lois Loizou, into custody.
Listening to the phone call records of Kosta and Loizou, the police reportedly found that Loizou had over $24 million worth of fake money. The suspects will be in custody for four more days.