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79 mn euros in counterfeit bills seized near Lake Maggiore

'Biggest fake-money seizures in Italian history'

10 December, 17:00
79 mn euros in counterfeit bills seized near Lake Maggiore (ANSA) - Turin, December 10 - Two pallets of fake 50-euro banknotes - adding up to 79 million euros in counterfeit bills - were seized by police on Tuesday from a garage in the northern Italian town of Verbania, on the shore of Lake Maggiore.

Two printing presses were also seized and five arrests made in the phoney-money probe.

The money consisted of 1.6 million 50-euro bills. Police said it is the largest counterfeit-money seizure in Italian history.

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