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Thursday 13 May 2010

UK withdraws €500 note to curb underground mafia | Newspost Online


23:28 |

UK withdraws €500 note to curb underground mafia Newspost Online: "eight months of rigorous analysis of currency trading in the UK, the Serious Organised Crime Agency (Soca) concluded the €500 note as the reason of underground crime as it’s simpler to transfer. The Agency found out that 1million in €20 weighs about 50kgs whereas on the other hand in €500 notes it’s a little less than 2kgs. The mafia thus loves it.
After much of brainstorming and following faint leads, the Agency found that the note originally printed for tourists was making the mafia flourish."


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