Chinese police confiscate $20.57 million in counterfeit notes in Guangdong province

Area has been subject to a number of counterfeit-related raids this year
By , Coin World
Published : 08/15/14
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Police in Guangdong province in China raided three sites producing fake Chinese bank notes and seized more than 127 million yuan ($20.57 million U.S.) in counterfeit notes, according to a story on Ecns.cn, the English language website for China News Service.

Police also confiscated computers, film, scanners, plates and many incomplete bank notes in the July 31 raid.

This is the latest in a series of raids involving counterfeiting in Guangdong province since January 2014. In total, 57 suspects were detained as a result of the latest raid.

Guangdong is located about 90 miles north of Hong Kong on the coast of the South China Sea in the People’s Republic of China. The province, known in English as Canton, borders the Hong Kong and Macau special administrative regions. 

The province has been the location of many previous raids for counterfeit notes and fake products. For example, in 2009, 90 million fake yuan notes were discovered.

The province was also in the news earlier in 2014 for arrests in connection with production and sale of fake medications. In 2012, about 1 million fake Hermès and Coach handbags were confiscated by Chinese police and U.S. Immigration and Customs Enforcement in a joint investigation.

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2 comments
The chinese should stick with their old practice of dealing with criminals that significantly reduces recidivism, one that could help with crime in the US. They chop the heads off of everybody evenly remotely related to the criminal behavior. It is very effective.
Women executed for fabricating 280 million yuan counterfeit Chinese currencyThey were the ring leaders of the group of 15 people making counterfeit Chinese currency. Most of the money is still circulating in the market.



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