Bulgarian Authorities Seize Millions in Counterfeit Currency

Bulgarian police have seized high-quality forged banknotes at a hidden counterfeiting operation that was hidden in a printing office at a university in Sofia.

“The value of the seized currency is impressive. The material evidence speaks of serious criminal activity,” said Sofia police chief Georgi Hadzhiev.

Prosecutor General Ivan Geshev announced that the operation was organized by the US Secret Service, Bulgarian Interior Ministry, and the Sofia City Prosecutor’s Office.

There was $4 million and €3.6 million worth of counterfeit bills that were seized during the raid. 

A 48-year-old man and a 54-year-old woman were arrested during the raid and were allegedly producing the fake banknotes part-time.

Both suspects had no prior criminal records but it was not mentioned if they were university employees. 

“Bulgarian law enforcement institutions continue to staunchly protect the financial interests of the EU and our US partners,” said Geshev. 

Police speculated that the two suspects arrested during the operation are part of a larger criminal enterprise that sends counterfeit dollars to Ukraine, and euros to Western Europe.

Lubomir Yanev, director of the department for combating organized crime said that the two suspects were given 10% of the counterfeits that were printed. 

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