Portugal police 'seize world's largest haul of counterfeit euros'

LISBON: Portugese police on Wednesday said they had confiscated a total of 380,200 euros ($505,000) in fake 200-euro notes, calling it "the world's largest seizure of counterfeit euros".

The 1,901 fake banknotes were discovered in a police operation in the
northern city of Porto on Tuesday, during which a 46-year-old man was also arrested, the judicial police said in a statement.

The counterfeit bills were "of exceptional quality", they said, adding that the counterfeiting operation had been active since 2002 in numerous countries, including Spain, Germany, Italy, Bulgaria and Portugal.