Detectives from Kenya’s Special Crimes Prevention Unit have on Wednesday seized a huge cache of fake currencies, foreign and local, hidden in a residential house in Ruiru, a dormitory town for the capital Nairobi.
Police told the press that the counterfeit currency amounts to Ksh32 billion ($320 million) but did not say how they concluded on such a figure.
Ruiru police commander James Ng’etich said the money had been stacked in at least 20 metallic boxes.
The fake currencies are in euros, pounds, dollars and Kenyan shillings.
Three suspects — a couple and their female business associate — have been arrested.
As investigations continue, the police have linked the money laundering syndicate to seven suspects who have been charged with defrauding a prominent Nairobi businessman by imitating President Uhuru Kenyatta’s voice.