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37 seized in Guangdong for counterfeiting money

TWO counterfeit money rings were busted recently in the southern province of Guangdong and police nabbed 37 suspects in raids.

Police found fake banknotes, finished and half-finished, in their hideouts, with a face value of nearly 210 million yuan (US$33.69 million).

The police said it was the first case in almost 10 years in which the entire money forgery chain was destroyed.

 

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