Kenyan police seize $20m of counterfeit banknotes from deposit box

Kenyan police have seized counterfeit banknote worth 20 million dollar stored in a personal safety box at a bank in the country.

Directorate of criminal investigation confirmed that 6 people including two bank staff and alleged owner of the safe box have been arrested.

Investigators revealed that the customer had concealed fake currency in his personal safe deposit box against the bank’s rules and regulations.

The seizure comes at a time when lawmakers are pushing for implementation of amendments to banking laws that would relax the requirements for recording transactions above ten thousand dollars.