Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Counterfeit bank notes likely made in Taiwan
By Cyril Li |
01:04 UTC+8 March 3, 2009
|
Print Edition
Print Edition
TAIWAN is probably the source of the fake 100 yuan (US$14.6) bank notes in circulation on Chinese mainland with serial numbers starting with "HD," said Su Yu-qi, a former investigator with the island's special task force.
Overseas counterfeiting gangs have trafficked about 300 million yuan in fake notes to the mainland within five years, Insight China magazine quoted police as saying.
Taiwan police raided a gang manufacturing counterfeit yuan bills on October 8. They seized six suspects as well as more than 100 million yuan in fake notes.
The island now has an estimated 100 billion yuan in genuine notes in circulation.
An insider told the magazine most of the fake notes were made in Taiwan, Hong Kong or overseas with advanced printing technology and then smuggled to the mainland on fishing boats. As producers of fake notes on the mainland can face the death penalty, counterfeiting gangs chose to print the bills overseas, according to the insider.
It was confirmed by Su, who said counterfeiting gangs in Taichung and Tainan in Taiwan usually delivered the products to Pingtung on the island before loading the bills on fishing boats and smuggling them to the provinces of Guangdong or Fujian.
Counterfeiting plants in Taiwan owned the most advanced equipment and technology as well as networks for transporting and vending, Su added.
Mainland gangs may collaborate with bank clerks to put the fake bills in circulation or via money laundering at illegal casinos, said the insider.
A fake notes vender, who was identified as Liu Xiaohui, told the magazine that fake notes from Taiwan first arrived in either Fujian or Guangdong. They were then sent to Zhejiang Province before spreading throughout the country, Liu said.
Fake notes were transferred by land or water once on the mainland, according to Liu.
Overseas counterfeiting gangs have trafficked about 300 million yuan in fake notes to the mainland within five years, Insight China magazine quoted police as saying.
Taiwan police raided a gang manufacturing counterfeit yuan bills on October 8. They seized six suspects as well as more than 100 million yuan in fake notes.
The island now has an estimated 100 billion yuan in genuine notes in circulation.
An insider told the magazine most of the fake notes were made in Taiwan, Hong Kong or overseas with advanced printing technology and then smuggled to the mainland on fishing boats. As producers of fake notes on the mainland can face the death penalty, counterfeiting gangs chose to print the bills overseas, according to the insider.
It was confirmed by Su, who said counterfeiting gangs in Taichung and Tainan in Taiwan usually delivered the products to Pingtung on the island before loading the bills on fishing boats and smuggling them to the provinces of Guangdong or Fujian.
Counterfeiting plants in Taiwan owned the most advanced equipment and technology as well as networks for transporting and vending, Su added.
Mainland gangs may collaborate with bank clerks to put the fake bills in circulation or via money laundering at illegal casinos, said the insider.
A fake notes vender, who was identified as Liu Xiaohui, told the magazine that fake notes from Taiwan first arrived in either Fujian or Guangdong. They were then sent to Zhejiang Province before spreading throughout the country, Liu said.
Fake notes were transferred by land or water once on the mainland, according to Liu.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
