Millions of fake euros found in Bulgaria reservoir Published duration 2 November 2016

image caption The notes were found in Mechka reservoir, close to the town of Purvomai

Police divers in Bulgaria have discovered about €13m (£11.7m) in fake banknotes hidden in a reservoir.

Officials said bundles of counterfeit €500 notes were found after a tip-off.

The exact size of the haul will not be known until the notes are fully dried.

Three Bulgarians have been arrested and a number of weapons seized. One of the people arrested, the owner of a printing company, had already been sentenced to six years in prison for counterfeiting money.

Chief prosecutor Sotir Tsatsarov said the find was "one of the largest amounts of counterfeit euros ever encountered".

He said the fakes were "of an extremely high quality".

But another official said some of them did not carry holograms.