A man in Vietnam's Mekong Delta was arrested for allegedly trafficking some VND1 billion (US$47,000) in bogus cash from China, police said Wednesday.
Nguyen Tien Dung, 41, was accused of being the supplier of a counterfeit money trading ring that was busted last year in Can Tho City, Tuoi Tre quoted local police as saying.
Dung was arrested in area near Vietnam's northern border with China. He said he had bought the counterfeit money from China and paid VND30,000 for every fake VND200,000 note, according to the report.
He then sold the money to Lam Thi Xuan Thuy, 34, allegedly the the ring leader, at the price of VND30,000 for every VND100,000 of the forgeries.
Thuy, who was arrested along with seven other accomplices in December, re-sold to others and earned VND5 million for every VND10 million of the forgeries, the report said.
Police are investigating.
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