Police round up fake-note gangs

By Liu Xiaolin and Dong Hui | April 29, 2009, Wednesday |

Print Edition

POLICE have caught 98 suspects who made, sold or used fake notes and seized fake notes worth more than 3.38 million yuan (US$494,764) since the beginning of the year, the Shanghai Public Security Bureau said yesterday.

Fake-note crimes had become increasingly prevalent, with some suspects posting online information about fake-note sales and using fake notes in vending machines, police said.

Suspects

One local gang who made 100-yuan and 20-yuan notes were caught on March 18 and counterfeit notes, mostly unfinished, with a face value of over 490,000 yuan were seized.

Police found that two suspects surnamed Wang and Yang had rented a residence in Shanghai to manufacture fake notes. Suspicion had fallen on Wang as he had previous convictions, said Zhang Zhiqiang, an investigator in the case.

The two victims were found to be buying a large number of items such as printers, computers, scanners and plate copiers, the police said. They raided the residence and seized the equipment along with the fake notes.

The same month, two people who sold fake notes were seized by Pudong police who found them with notes with a face value of more than 1.66 million yuan.

In February, police were tipped off that three suspects from Anhui Province were about to bring fake notes to Shanghai to sell. Police stopped them before they could make any transactions and seized 9000 fake 100-yuan notes.

The police said people should check notes carefully and report any suspicions.

Metro

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Police round up fake-note gangs

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