Want China Times, Staff Reporter 2014-12-21
Italian police have recently tracked down a ship container carrying forged euro coins worth €556,000 (US$693,000) believed to have been minted in mainland China, marking the biggest euro coin forgery case since the currency began circulating in 2002, reports our Chinese-language sister paper Want Daily.
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| A batch of Euros made in Lithuania. (File photo/ Xinhua) |
Italian police have recently tracked down a ship container carrying forged euro coins worth €556,000 (US$693,000) believed to have been minted in mainland China, marking the biggest euro coin forgery case since the currency began circulating in 2002, reports our Chinese-language sister paper Want Daily.
There are a
total of 306,000 coins, all in one- or two-euro denominations,
According
to Calogero Ferrara, a prosecutor in Naples where the false money was found.
The two-euro coins are so well made that even vending machines fail to
distinguish them from genuine.
The fake
coins were made in factories in China and were slotted to start circulating in
Italy before the Christmas shopping season, Ferrara said.
The city's
police have arrested 12 suspects, including four Chinese nationals, who will be
charged with the production and circulating of counterfeit money.
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