Cops bust counterfeiters
By Zhang Xuanchen |
June 11, 2010, Friday
|
Print Edition
Print Edition
POLICE in south China have detained four men who allegedly produced fake notes with a total face value of 210 million (US$31 million) yuan.
The forgers Zhang Liangcheng, Zhang Junlin, Yang Tao and Cui Yunzhi were separately arrested and detained on Monday, ending a half-year-long campaign by police in Hunan Province.
Police confiscated the notes, four printers, paper, film and other materials at a house running as a printing press in Changning City, Hunan Province.
More than 32 boxes of counterfeit bank notes posing as 67 million yuan on a train heading for Hunan were intercepted by police on April 27.
It led to the bust of the biggest bogus note ring ever in Hunan Province.
Zhang Liangcheng, the mastermind of the ring, rented the three-story building for printing the counterfeit notes in August last year.
The house owner Cui accepted 100,000 yuan from him to disguise their work.
Zhang Liangcheng then hired Zhang Junlin and Yang to operate the machinery, offering each of them 50,000 yuan.
Police said the counterfeit note was hard to identify by naked eye because its touch and watermark are nearly the same as the real one.
Wu Shengyou, a former business partner of Zhang Liangcheng, helped Zhang find clients and distribute the notes. Wu was detained by police in Guangdong Province early this year.
Zhang Liangcheng was nabbed on May 14 in Guangdong Province.
The forgers Zhang Liangcheng, Zhang Junlin, Yang Tao and Cui Yunzhi were separately arrested and detained on Monday, ending a half-year-long campaign by police in Hunan Province.
Police confiscated the notes, four printers, paper, film and other materials at a house running as a printing press in Changning City, Hunan Province.
More than 32 boxes of counterfeit bank notes posing as 67 million yuan on a train heading for Hunan were intercepted by police on April 27.
It led to the bust of the biggest bogus note ring ever in Hunan Province.
Zhang Liangcheng, the mastermind of the ring, rented the three-story building for printing the counterfeit notes in August last year.
The house owner Cui accepted 100,000 yuan from him to disguise their work.
Zhang Liangcheng then hired Zhang Junlin and Yang to operate the machinery, offering each of them 50,000 yuan.
Police said the counterfeit note was hard to identify by naked eye because its touch and watermark are nearly the same as the real one.
Wu Shengyou, a former business partner of Zhang Liangcheng, helped Zhang find clients and distribute the notes. Wu was detained by police in Guangdong Province early this year.
Zhang Liangcheng was nabbed on May 14 in Guangdong Province.
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