Top Biz News
Chinese police confiscate 1.17b yuan fake money in 10 months
(Xinhua)
Updated: 2010-01-27 14:13
 |
Large Medium Small |
Chinese police cracked 3,688 fake-money-related cases and seized about 1.17 billion yuan ($171 million) in fake bank notes in a ten-month campaign to fight counterfeiting last year, the Ministry of Public Security said Tuesday.
Vice Minister Liu Jinguo said at a national meeting that police had arrested 5,974 suspects involved in the cases from Jan 20 to Nov 20, 2009, which is 3.5 times the figure of the previous year.
| ||||
The campaign, called "Action 09" aimed to crack down on crimes of producing, selling and spending fake notes.
Many fake bank notes were seized when they were being processed, which reduced the amount of fake money confiscated by banks by 11 percent last year, Liu said.
The ministry would continue its efforts in fighting fake money crimes this year and train more professionals, he said.
To achieve the goal, the ministry restored an anti-fake-money office under its economic investigations bureau and urged key provincial and county-level branches to pool professionals to fight the crime, according to Liu.
Circulations of fake Renminbi are constantly seen in China. The most impressive case occurred at the beginning of 2009 when fake bank notes, whose codes started with "HD 90," were rampantly spreading across the country.
