Counterfeiting gang arrested on the road to Guangdong

Police in east China's Zhejiang Province have arrested a gang of seven accused of counterfeiting 100-yuan Chinese notes and seized fake money with a face value of more than 67 million yuan.

Early this month the Zhejiang Provincial Bureau of Security learnt that Chen Ruiken, a resident of coastal city Cangnan, was having frequent contacts with a member of another currency counterfeiting clique in Guangdong Province in south China and might be intending to start up a similar den.

Further investigation revealed that Chen had set up a currency counterfeiting operation at Longgang in Cangnan with technologies obtained from Guangdong and had produced a first batch of notes for sale.

Chen and an accomplice identified as Miao took a long-distance bus on Nov.16 for Guangdong, intending to market the fake notes there.

In a combined operation, Zhejiang and Guangdong police stopped the two and seized fake notes totaling 10,400 yuan from them.

The police later took into custody five other people suspected of counterfeiting Chinese currency, and confiscated printing equipment from a civilian residence along with 23 boxes of fake notes with a face value of 67.057 million yuan.

Source: Xinhua