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Prison terms for fake-note crimes
Source: Xinhua |
January 20, 2009, Tuesday
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Print Edition
Print Edition
FOUR men have been sentenced to jail terms of up to 12 years in two separate cases of producing or spending fake Chinese currency.
Li Jiahao, 45, a native of Guangdong Province in southern China, was convicted of initiating and investing in making fake money safety strips - a line on both sides of the currency that proves its authenticity - along with some other technologies.
Li received a 12-year jail term and was fined 150,000 yuan (US$21,945) for making the strips, according to the verdict handed down by the Zhanjiang Intermediate People's Court in Guangdong Province last Tuesday.
Li's collaborator Wei Xuefeng, 30, a native of Guangxi Zhuang Autonomous Region, received 10 years for printing the safety strips and was fined 100,000 yuan.
Pang Daning, 23, also a native of Guangxi, was found guilty of transporting materials to Wei to make the strips and was ordered to serve two years in jail and fined 20,000 yuan.
Court investigation showed that the safety strips made by them could be used to print fake currency with a total face value of 174 million yuan.
Another court in southwest China's Chongqing Municipality on January 5 ordered a migrant worker to serve three months in prison and pay 10,000 yuan for using counterfeit currency.
The Qianjiang District People's Court found that Zou Hongping, 33, from Hubei Province, had bought 70 counterfeit 100-yuan notes at a price of 15 yuan each in Fujian Province in March last year.
Zou intentionally bought cigarettes many times with the fake notes in order to launder the fake money into real money in Qianjiang district last October. He was caught by a vendor on October 24.
Police confiscated about 60 fake bank notes in his possession.
All the fake money Zou used and owned carried the same serial number starting "HD90" and was the latest version of counterfeit money that has aroused great public concern across the country.
According to Chinese law, a person can face no more than three years in prison if convicted of intentionally holding or using counterfeit money and/or be fined up to 100,000 yuan.
Li Jiahao, 45, a native of Guangdong Province in southern China, was convicted of initiating and investing in making fake money safety strips - a line on both sides of the currency that proves its authenticity - along with some other technologies.
Li received a 12-year jail term and was fined 150,000 yuan (US$21,945) for making the strips, according to the verdict handed down by the Zhanjiang Intermediate People's Court in Guangdong Province last Tuesday.
Li's collaborator Wei Xuefeng, 30, a native of Guangxi Zhuang Autonomous Region, received 10 years for printing the safety strips and was fined 100,000 yuan.
Pang Daning, 23, also a native of Guangxi, was found guilty of transporting materials to Wei to make the strips and was ordered to serve two years in jail and fined 20,000 yuan.
Court investigation showed that the safety strips made by them could be used to print fake currency with a total face value of 174 million yuan.
Another court in southwest China's Chongqing Municipality on January 5 ordered a migrant worker to serve three months in prison and pay 10,000 yuan for using counterfeit currency.
The Qianjiang District People's Court found that Zou Hongping, 33, from Hubei Province, had bought 70 counterfeit 100-yuan notes at a price of 15 yuan each in Fujian Province in March last year.
Zou intentionally bought cigarettes many times with the fake notes in order to launder the fake money into real money in Qianjiang district last October. He was caught by a vendor on October 24.
Police confiscated about 60 fake bank notes in his possession.
All the fake money Zou used and owned carried the same serial number starting "HD90" and was the latest version of counterfeit money that has aroused great public concern across the country.
According to Chinese law, a person can face no more than three years in prison if convicted of intentionally holding or using counterfeit money and/or be fined up to 100,000 yuan.
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