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The suspect who has been identified as Emmanuel Yankey, 23, a civilian employee of the Sekondi Naval Base went to a forex bureau in Takoradi with one John Kommey, 17, to transact business.
On reaching the shop, Yankey who had earlier identified himself as a Naval Officer at Sekondi to the forex bureau operator told him he was there to exchange 2000 USD.
The bureau operator then asked the suspect to give him the dollar equivalent of the GH¢700 he had earlier given him, but he could not produce the money.
When his bag was searched, plain papers shaped like dollar notes were found neatly packed in it. The two were arrested and sent to the Market Circle Police Station. During interrogation, Emmanuel confessed to Police that he is a civilian employee at the Sekondi Naval Base.
The two suspects have been detained for further action.