The counterfeit bank notes consisted of South African rand, US Dollars and Nigerian Naira.
A mini printing press and equipment were found in his house.
Michael Sun‚ MMC for Public Safety‚ said the suspect was arrested on Wednesday by the metro’s K9 unit and found with around R300‚000 (about N9 million) in fake bank notes.
Counterfeit notes in other currencies were also found.
The officers accompanied the suspect to his house in Allenspark‚ where they discovered a counterfeiting operation.
“The suspect was immediately arrested‚ and the counterfeit bank notes consisting of R300 000; US Dollars; Nigerian Naira; and a mini printing press and equipment were seized. The suspect is being detained by the police and will face serious criminal charges of money laundering and possession of counterfeit notes‚” Sun said.
“This (is the) kind of criminal operation which hurts the economy of Johannesburg. Unsuspecting shops and small businesses would often lose out on making an honest living when fake money is used to pay them for their goods.”