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July 29, 2013

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More counterfeit bank notes turn up in city

POLICE are investigating a case in which a man claimed he received 23 counterfeit 100 yuan bank notes when he withdrew 3,000 yuan (US$489) from an ATM in Minhang District.

Twelve of the forged notes started with the serial number “C1F9” while the others began with “C2F8.” The counterfeit notes are reportedly of high quality and difficult to spot as fakes.

The Industrial and Commercial Bank of China confirmed the man withdrew money from its ATM, but added that he could not prove the fake notes came from its machine.

The man, surnamed Guo, said he withdrew the money on July 22 and didn’t realize some of the notes were counterfeits until five days later when he made a purchase.

He returned to ICBC but was told the bank couldn’t be held responsible for the fake notes without evidence.

“If the fake notes are reported just after the withdrawal, it would be our fault. But he returned to us five days later,” a bank clerk said.

The C1F9 bills were first spotted in Beijing and the provinces of Shandong and Zhejiang, according to the Labor Daily newspaper.


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