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Mr Ipara said officers had been trailing the suspect after a tip-off from the public, some who had complained of increased cases of fake currencies in circulation.
He said unsuspecting traders and maize farmers currently selling the produce had fallen victims to the fake money syndicate.
According to Ipara, officers who have been trailing the suspect traced him at a popular club on the Eldoret-Nakuru highway at around 2am on Monday before monitoring his movements and later arresting him.
“He (the suspect) was entertaining himself at the club and after the arrest, he led our officers to his residence. We established his house was the place where the fake money was printed,” Ipara said.
He called on traders and farmers who had fallen victims to the fake money syndicate to report to police stations for officers to commence investigations.
Ipara said the Monday’s arrest was the third targeting fake money printing syndicates recently.
He said police were also hunting suspects behind production of fake driving licences and title deeds.