Prague/Olomouc, North Moravia, Nov 4 (CTK) – The police have uncovered an exceptionally extensive case of banknotes forgery and took four out of five accused persons into custody in the Czech Republic while further persons are prosecuted in Slovakia, Olomouc state attorney Roman Kafka told CTK Wednesday.

According to CTK´s information, hundreds of millions of euros were forged.

The Czech Television (CT) public broadcaster said the accused persons also planned to print 100 billion crowns.

Pavel Hantak, spokesman for the Squad for Uncovering Organised Crime (UOOZ), told CTK that the police intervened in several places in the Czech Republic last week.

“We have detained several persons suspected of forging and altering money, specifically euros and Czech crowns,” Hantak told CTK.

He said he will release more information next week.

CT said the perpetrators had original banknote paper with protective elements, but it is not yet clear how they gained it.

“In regard to the technology and material background they had, the forgeries would be perfect,” Kafka said.

He said the accused face up to 16 years in prison if found guilty and that they are also suspected of participating in an organised criminal group.