Mzuzu police public relations officer, Inspector Paul Tembo has confirmed the arrest of a 48 year old man identified as Horace Nyasulu for being found in possession of $50,000 in fake $100 notes.
Tembo said Nyasulu was arrested in Mzuzu over the weekend, following a tip that he was in Mzuzu to change the fake United States Dollars notes into Malawi Kwacha.
The fake notes have since been seized by the Reserve bank of Malawi for examination.
Nyasulu, who stays at Phwezi Trading Centre in Rumphi, will appear before court soon.
