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April 18, 2013

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Cops warn of quality counterfeit banknotes

POLICE said yesterday they have not seen any counterfeit notes in the city from a new batch of high-quality, fake 100 yuan (US$16.19) notes discovered by police in neighboring Jiangsu Province.

The Ministry of Public Security warned on Sina Weibo, China's equivalent of Twitter, on Tuesday that a new batch of counterfeit banknotes, starting with the serial number PL078574, had shown up in Jiangsu. The batch of counterfeit notes were high quality, with clear, raised printing on the surface, police said, as well as the feel of real currency.

However, the fake notes are 2 millimeters shorter than real notes and the number 100 on the lower left front corner does not change colors when seen from different angles like the real ones.

Also, there was no "100" watermark on the right top corner of the front of the bill like real notes and the metal insert in the paper was not as clear as the real note either, officers said, trying to help netizens identify the fake notes.

Police said most of the fake notes were found in suburban areas of the province. The suspects would use the fake notes to shop or to exchange smaller notes while taking a taxi.

The suspects also would accept real notes and then return fake ones to the victims, claiming the bill was damaged.

The economic crimes investigation department of Shanghai police said yesterday that they haven't received reports about the new batch of the fake notes. They asked residents to call police if they suspect they have received a counterfeit note.


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