Police in Huizhou, Guangdong have cracked another massive counterfeiting ring, confiscating about RMB90 million (US$13.14 million) in fake notes, the South China Morning Post reported, citing Guangdong newspapers. Nine people were arrested in Huizhou and three more were arrested in other Guangdong cities. Huizhou police stated that prompt action prevented any of the notes from going into circulation. This is the third time Huizhou police have cracked a banknote counterfeiting ring in recent years. The action is part of a national campaign to stamp out counterfeiting, provoked in part by the appearance of high-quality counterfeit RMB100 notes with serial numbers beginning with HD90 and HB90.
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