Three Men Arrested in Casablanca for Counterfeit Money

Rabat – Judicial police in Casablanca arrested three men accused of attempting to sell counterfeit banknotes of MAD 200.The three forgers were detained this week in Casablanca by the members of the judicial police, according to Le360 news website.Members of a large network producing false banknotes with sophisticated computer equipment, the three men were arrested and police conducted detailed searches inside their homes where they confiscated a total of MAD 59,000 in MAD 200 banknotes. According to the same source, the thugs were detained in different locations. The leader was arrested in Sefrou, central Morocco in the Fez-Bouleman region.A second criminal was arrested in Fez and the third one was caught red-handed trying to exchange his faux MAD 200-bill at a store in the Al Mustaqbal neighborhood in Casablanca.The three men remain in custody of the police in Casablanca pending the outcome of an investigation conducted by the Prosecutor General.A large number of counterfeit banknotes has been circulating in Morocco’s major cities. Last October, merchants and nightclub owners denounced a “massive flow” of fake money received from customers.Fraudulent bills have been largely circulating in the Derb Omar neighborhood in Casablanca, according to several business managers, gas station operators and local residents, cited by Moroccan daily Al Massae. read more

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Bridgestone enhances mining tyre telematics capabilities acquiring TomTom digital fleet business

first_imgBridgestone Corporation has announced that its subsidiary Bridgestone Europe NV/SA, has entered into an agreement with TomTom to acquire TomTom Telematics, its digital fleet solutions business, for a cash consideration of €910 million. The transaction is anticipated to be completed latest in the 2nd quarter of 2019, subject to the satisfaction of customary closing conditions such as regulatory approvals.TomTom is the number one provider of digital fleet solutions in Europe, a marketplace with very diverse in legal, commercial and cultural requirements. Its digital fleet solutions business has successfully demonstrated its ability to operate in complex and demanding market environments and has continued to strengthen its potential to expand globally.TomTom’s digital fleet solution offers an industry leading data platform for connected vehicles enabling safer driving, improving productivity and optimising uptime for personal and commercial mobility. Combining this digital fleet solution with Bridgestone’s tyre expertise and global service network creates an opportunity that accelerates the company’s effort to become a key partner in the Mobility as a Service (MaaS) landscape with leading tyre products, services and solutions offerings.In addition to reinforcing Bridgestone’s broad and leading portfolio, this strategic investment will also strengthen its position as an innovative leader in the field of tyre design, and tyre predictive maintenance service. “Bridgestone will gain unprecedented insights into vehicle and tyre operating conditions and be able to leverage a growing installed user base of 860,000 vehicles communicating 200 million data points per day.”“With this acquisition, Bridgestone adds core components to its Tire and Diversified Products as a Solution (Bridgestone T&DPaaS) strategy defining the company’s evolving business domain and continuous commitment towards value creation for its customers and the society.”last_img read more

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