Detecting a factory printing large denomination counterfeit money
Instead of buying counterfeit money from abroad to sell for profit, Nguyen Quang Binh, 30 years old, and his accomplices printed 500,000 VND bills for sale.
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Counterfeit money printing equipment. Photo: Provided by the police. |
Binh and Vu Duy Phuong (26 years old) have just been arrested by the Economic Security Department of Ho Chi Minh City Police in coordination with Go Vap District. The two suspects were identified as the ringleaders and are being investigated for their behavior.Making, storing, transporting and circulating counterfeit moneyaccording to Article 207 of the Penal Code, dated January 25.
Searching the group's house, the police found many tools and materials, a large amount of counterfeit money worth 500,000 VND... Binh confessed that he made counterfeit money at home and then sold it to others at a cheap price. They also used it to buy drugs without being detected.
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Product of Phuong's group. Photo: Provided by Police. |
According to the investigation agency, crimes related to counterfeit money are on the rise. Phuong's group is the first case in Ho Chi Minh City discovered to have printed their own money instead of getting the "goods" from abroad for consumption.
The case is under further investigation.
