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China's biggest fake-money gang busted
By Jane Chen |
June 21, 2010, Monday
|
Online Edition
Online Edition
POLICE have cracked the country's biggest counterfeit cash gang, involving 210 million yuan (US$30.76 million) in fake money in Hengyang City, central China's Hunan Province.
The investigation was launched after 67 million yuan in fake notes were found aboard a long-haul coach from Hunan in Guangzhou, capital of south China's Guangdong Province, on April 27, today's People's Daily reported.
Police soon learned that Hunan man Zhang Liangcheng had handed 34 pieces of luggage to the bus's owner to transport to Guangzhou after paying 1,000 yuan for freight.
A car owned by Zhang's wife followed the bus along the route, the report said.
Police later found a printing press at Zhang's cousin's home in Changning. They then caught Zhang and his wife as well as two other gang members.
Investigation found Zhang had run the workshop since August 2009 and minted 210 million yuan worth of fake notes. He had sold 140 million yuan of notes to Guangdong.
The investigation was launched after 67 million yuan in fake notes were found aboard a long-haul coach from Hunan in Guangzhou, capital of south China's Guangdong Province, on April 27, today's People's Daily reported.
Police soon learned that Hunan man Zhang Liangcheng had handed 34 pieces of luggage to the bus's owner to transport to Guangzhou after paying 1,000 yuan for freight.
A car owned by Zhang's wife followed the bus along the route, the report said.
Police later found a printing press at Zhang's cousin's home in Changning. They then caught Zhang and his wife as well as two other gang members.
Investigation found Zhang had run the workshop since August 2009 and minted 210 million yuan worth of fake notes. He had sold 140 million yuan of notes to Guangdong.
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