French police smash huge counterfeit ring

French police have smashed a vast cash counterfeiting ring that printed over nine million euros ($11 million) and is described as the biggest ever in France, a police source said on Thursday.

Police raided the money-printing factory in Seine-et-Marne east of Paris on Tuesday and Wednesday, the source said, adding that the operation had printed more than 350,000 counterfeit 20- and 50-euro notes.

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