SHAH ALAM - Investigations are underway to establish the extent of fake ringgit notes in Selangor after police smashed a fake currency ring believed to have been operating since last year.
Six people, aged between 20 and 40, have been detained while RM12,540 (S$4,056) in fake ringgit was recovered in three separate raids in the state, said Selangor commercial CID chief Asst Comm Wan Rukman Wan Hassan.
On Tuesday, four suspects, including two women, were detained at a budget hotel in Klang.
Police also seized equipment used to produce counterfeit RM100 and RM20 notes.
"They were in the midst of crafting the notes when they were arrested," ACP Wan Rukman told reporters here yesterday.
After interrogation, the suspects led police to a house in Shah Alam, where a man was picked up.
Another man was arrested at a house in Puchong later.
"The man in Puchong had taught the others how to produce the counterfeit notes.
"We are now looking for a person whom we believe is the mastermind," ACP Wan Rukman said.
He said initial investigations showed that the group had a list of customers who had bought the fake notes and a distribution channel for the currency.
He added that police had earlier received reports from banks and traders who had come across counterfeit ringgit notes while carrying out stock-taking and filing duties.
The six suspects have been remanded until Monday.
Five of them tested positive for drugs.