Journalists: Ivan Daskalov and Plovdiv

journalists: This is one of the largest amounts of counterfeit euros ever encountered, he told journalists in Plovdiv, after one of the counterfeiters confessed and led authorities to the hiding place, according to The Guardian. The exact value of the haul will be established after the notes are dried and counted, said the Plovdiv appeal prosecutor, Ivan Daskalov. The seizure of the counterfeit €500 notes, most of which had been stashed underwater near a dam in the south of the country, was made after police were told they would be imminently entering circulation, said Bulgaria chief prosecutor, Sotir Tsatsarov. Most of the bills were stacked in sixes and some lacked holograms and other anti-counterfeiting signs, he said. Three Bulgarians were arrested in connection with the case, including the owner of a printing company who has already been sentenced to six years for counterfeiting money, officials said. Tsatsarov said the fake notes were of an extremely high quality and they only looked used, not damaged, after being in the water. (news.financializer.com). As reported in the news.