Insider held for stealing luxury watches
Print Edition
A warehouse custodian has been detained for allegedly stealing watches and replacing them with counterfeits, police announced yesterday.
Specifically, police claim that the suspect, surnamed Wang, sold 20 authentic Tissot watches for 46,000 yuan (US$6,880) between May and June.
Police in Songjiang District started investigating earlier this month when the trading company Wang worked for reported that about 120,000 yuan worth of watches in its inventory had been replaced with fakes.
The company provides watches to a shopping website, and the fakes drew complaints from the website’s customers, according to police.
Suspicion soon fell on Wang, who was responsible for transporting goods to the warehouse and the online-based vendor.
Police say that Wang had run up large gambling debts, and also owed money to his colleagues.
He was apprehended by the police on July 6. Officers say they discovered fake price tags in Wang’s car, as well as fake watches in the warehouse.
Wang has allegedly confessed and said he stole the watches to settle his debts.
He claimed that he purchased the fake watches from the Internet and sold the authentic items to a friend who doesn’t live in Shanghai, police said.
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