Police in the southern province of Dong Nai on Thursday suggested the State Bank of Vietnam should confiscate the
hundreds of millions dollars in
fake Euro and US dollar notes currently in police custody.
According to police, the notes were confiscated from Shieh Der Houa, a 60-year-old Chinese, and three Vietnamese, Lien Van Hao, 68, Ho Kha, 54, and Huynh Van Khanh, 53.
Initial information was that in May, Houa asked Hao to join him and invest in Taiwanese business projects in Dong Nai to earn commissions.
Hao then bought 140 Euro notes, each worth one million Euros (US$1.22 million), from Khanh to deposit in a bank in order to furnish proof of their financial solvency.
However, Khanh told police that the notes were merely souvenirs that someone asked him to sell for VND50 million ($2,350).
Police said they also found 18 US notes, each worth $10,000, and two notes, each worth one million dollar, at Khanh's house, adding that the documents of several investment projects were confiscated as well.
According to police, the breakthrough in the case came on June 26, when Houa, together with Hao and Kha were readying to deposit the notes at a Vietinbank branch in Bien Hoa Town.
Bank staff then informed local agencies, suspecting the notes were counterfeit.
All the four suspects were then arrested.
Police are investigating the case further.
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