Gang busted for trading fake brands
Print Edition
Nine suspects have been caught for allegedly producing and selling fake Chanel and Victoria’s Secret products, Shanghai police said yesterday.
Police seized over 60,000 counterfeit items in araid in southern Guangdong Province, worth about 50 million (US$7.1 million).
Shanghai police say they first became suspicious after noticing an online vendor selling bags under the two labels for prices significantly lower than those in official stores.
The products were later identified as counterfeits.
Police first located the vendor, a man surnamed Ye in Guangdong, and then learned that he bought the fakes from two other people also in that province.
The counterfeits, including those of other famous brands, allegedly were produced and stored in seven locations in the province.
The suspects were rounded up in a recent police action.
Shanghai law enforcement officials say they have solved over 230 similar cases, involving more than 60 brands, so far this year.
The authentic counterparts of the counterfeits are valued at over 1.7 billion yuan.
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