Cops solve huge fake money ring
By Jane Chen |
June 22, 2010, Tuesday
|
Print Edition
Print Edition
POLICE have cracked the country's biggest counterfeit money ring, involving 210 million yuan (US$30.76 million) in Hengyang City, Hunan Province.
The investigation was launched after 67 million yuan in fake notes were found aboard a long-haul bus from Hunan to Guangzhou, capital city of Guangdong Province, on April 27, People's Daily reported yesterday.
Police soon learned that Hunan native Zhang Liangcheng had handed 34 pieces of luggage to the bus's owner to transport to Guangzhou after paying 1,000 yuan for freight.
Zhang had a car carry the luggage from a school in Changning, also in Hunan, to the bus's owner before the trip to Guangzhou. The car, owned by Zhang's wife, followed the bus to Guangzhou.
Police thus focused the investigation on the couple. They searched the neighborhood around the school and found a printing press at a house owned by Zhang's cousin.
Police then caught Zhang, his wife and two other gang members.
Officers found that Zhang had run the workshop since August 2009 and had printed 210 million yuan in fake notes. He had sold 140 million yuan of notes to Guangdong.
Last year, Chinese police launched a national campaign against making, producing and selling fake bank notes, according to earlier media reports.
They seized counterfeit cash with a total face value of 178 million yuan in the campaign.
Police had solved 271 of the 412 fake money cases they had investigated and arrested 613 people during the campaign. They also raided five counterfeiting dens.
In a separate case, the Supreme People's Court approved death penalties for Xu Shaorong and Zhu Yingwu, both farmers in Guangdong, for producing fake notes with a total face value of more than 90 million yuan since 2004.
The investigation was launched after 67 million yuan in fake notes were found aboard a long-haul bus from Hunan to Guangzhou, capital city of Guangdong Province, on April 27, People's Daily reported yesterday.
Police soon learned that Hunan native Zhang Liangcheng had handed 34 pieces of luggage to the bus's owner to transport to Guangzhou after paying 1,000 yuan for freight.
Zhang had a car carry the luggage from a school in Changning, also in Hunan, to the bus's owner before the trip to Guangzhou. The car, owned by Zhang's wife, followed the bus to Guangzhou.
Police thus focused the investigation on the couple. They searched the neighborhood around the school and found a printing press at a house owned by Zhang's cousin.
Police then caught Zhang, his wife and two other gang members.
Officers found that Zhang had run the workshop since August 2009 and had printed 210 million yuan in fake notes. He had sold 140 million yuan of notes to Guangdong.
Last year, Chinese police launched a national campaign against making, producing and selling fake bank notes, according to earlier media reports.
They seized counterfeit cash with a total face value of 178 million yuan in the campaign.
Police had solved 271 of the 412 fake money cases they had investigated and arrested 613 people during the campaign. They also raided five counterfeiting dens.
In a separate case, the Supreme People's Court approved death penalties for Xu Shaorong and Zhu Yingwu, both farmers in Guangdong, for producing fake notes with a total face value of more than 90 million yuan since 2004.
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