FOUR MEN from Syria were arrested in Yeroskipou on Friday when police found $50,000 worth of counterfeit 100-dollar bills in their apartment.
An anonymous caller tipped off the police and the four suspects initially denied any wrongdoing.
Police spokesman Andreas Angelides said that upon further interrogation, the four men admitted the counterfeit bills were theirs.
“What we are focusing on now is to determine the source of the counterfeit money. What matters is that we stop the money from entering into circulation”, the spokesman added.
Upon searching the apartment, police officers found the fake dollars piled up in five stacks, a computer, a number of documents and twelve €50 bills.
Police are looking for a fifth person who may also be involved.
The four suspects appeared before in Paphos District Court where they asked for legal aid. The judge ordered that they remain in custody until Monday.