TORONTO

Toronto

Current Weather 7 Day Forecast

CityNews Snow contest

Sunday, February 12, 2012

Fake Funds Factory Allegedly Found in RCMP Busts

06/06/2008  | CityNews.ca Staff

share via email

Whoever says "crime doesn't pay" has never tried making bank notes.

But Police say that's just what two Toronto area suspects did. 

Two people were charged in what's being called the largest counterfeit bust in 20 years: a 24-year-old Torontonian named Rehan Bawania, and Markham resident Kusan Rasanayagam, 26.

After what's described as an "intensive investigation," police took action on May 30th, seizing the alleged fraudulent cash and printing equipment.

The accused are said to have had rather lofty ambitions: counted in the capture was over $4 million in counterfeit Canadian twenty dollar bills.

The Greater Toronto Area Commercial Crime Section of the Royal Canadian Mounted Police teamed up with the York Regional Police to capture and dismantle the alleged money printing plant in Markham.

But your wallet should be safe for now.  It's believed the notes were found before any were distributed.

Still, the Bank of Canada reminds you to give close attention to bills as they're handed over, so you don't unwittingly accept fraudulent payment.

Distribution is said to happen when criminal organizations purchase the funds and pass them into general circulation.  Unsuspecting merchants lose out on the full value of the bills.  Inspector Brian Verheul, officer in charge of the RCMP's Greater Toronto Area Commercial Crime Section, says this affects our nation's overall business operations.

"This is a significant step in law enforcement's battle to maintain confidence in our Canadian currency," he explains.

Learn more about the security features of bank notes here.

 
Stay Connected with CityNews

Latest news Headlines

Outside city workers set to vote on tentative deal Monday
2012/02/12 16:47:32
2012/02/12 16:51:31
Eglinton Avenue re-opens following crash
2012/02/12 15:37:30
2012/02/12 17:29:53
Tories endorse Hudak at Niagara Falls leadership convention
2012/02/12 14:26:11
2012/02/12 14:39:14
Student found dead at Carleton University residence
2012/02/12 11:16:51
2012/02/12 11:43:41
4 in hospital following Ajax crash
2012/02/12 11:02:11
2012/02/12 11:05:15
Traffic
Weather

Facebook
Twitter
[+] show more
[-] show less
Featured Partners Content
Rogers Digital Media