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November 4, 2009

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Cops capture 11m fake yuan

CITY police have confiscated a record 11 million yuan (US$1.6 million) in fake bank notes and captured 280 suspects in a crackdown that began in January.

Although Shanghai is not a big producer of fake money, it functions as a major circulation hub for forged notes from southern China, Shanghai Public Security Bureau said yesterday.

The police thanked locals who provided information on the fake money and turned in about 2.5 million yuan of it.

To learn how to distinguish the fake notes, people can check the anti-counterfeiting Website of the People's Bank of China Shanghai Branch,

"The forged money is not hard to distinguish. It can be felt by hands." said Tang Xiliang, commander in chief of the economic crime cases bureau.

But Tang said a new version of forged notes might pass some detectors of low quality.

"So if you need a detector, go to an authorized or qualified store," Tang urged.

Luwan District police said yesterday that they spent a month tracking down one seller and captured 640,000 yuan of forged notes in an investigation started in August.

The police found a migrant worker from central China's Henan Province nicknamed "Crewcut" with ties to fake money selling.

"The suspect surnamed Chen was very careful to keep changing transaction places," said Wu Renjie, detective in charge of the case.

Wu said it was hard to find Chen's storage as "he only brought small amount of fake notes on every transaction."

Adding to the detectives' difficulties, Chen's home was in an open field in the suburban Jiading District, Wu said.

"In order not to alert Chen, some of our detectives had to pose as river cleaners near his house," Wu said.

Eventually, the police caught Chen at his home on September 12 and found the forged notes hidden at a package-delivery company where Chen always hung around, the police officer said.


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