13 Jan 2010

Bulgarian man arrested over Vanuatu's fake euros

1:34 pm on 13 January 2010

A Bulgarian national has been arrested in New Caledonia over the circulation of fake euro notes in Vanuatu.

The existence of the counterfeit money came to light last month when Johnson Naviti, who works in the Vanuatu prime minister's office, went to Copenhagen to the climate change summit.

The prime minister's office says Mr Naviti changed Vanuatu vatu into euros at Goodies money exchange in central Port Vila on December the 4th a few

hours before his departure for Denmark.

The owner of Goodies has confirmed that the company has refunded a total of half a million vatu to clients who complained about getting forged euros.

The company says they don't know how the fake euros ended up in their exchanges centers in Port Vila.

Negotiations are under way between Vanuatu and New Caledonia for a member of the Vanuatu Police to interview the suspect.