Acting Copperbelt Police Commissioner Joyce Kasosa confirmed the incident and said the suspects were found in possession of K60,768 and US$36,800, which was all counterfeit money.
Ms Kasosa named the suspects as Chrispine Mulenga, 49, a pastor of house number 3007 New Mushili in Ndola, Moses Makaliki, a business executive of house number RZXW Kawama Township in Ndola, and Gilbert Mulenga of no fixed abode.
The suspects are believed to be part of the syndicate that has been cheating traders by paying for goods using fake dollar and Kwacha currencies.
According to police sources, the suspects had allegedly set up a base at Makaliki’s house where they were producing the fake money before they shifted to Mindolo Township in Kitwe.
The sources said it was in Mindolo Township where residents suspected that there was something fishy taking place at the house and reported the matter to the police.
During investigations the police launched on Thursday, the suspects were found near Nakadoli Market where they were trying to transact using the fake notes.
Two of them were arrested on the spot while the other suspect was arrested on Monday.
Other suspects in the syndicate are believed to be on the run.
Ms Kasosa said the suspects were arrested after a tip from alert members of the public and there was a possibility that some of the counterfeit notes could have been circulated to unsuspecting citizens.
She said the suspects were now in police custody in Kitwe and would appear in court soon.
Times of Z