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Hong Kong police take HK$4.5 million in fake HK$1,000 banknotes out of circulation
Police said the man was believed to be connected to three recent cases in the area that involved the use of counterfeit HK$100 and HK$500 banknotes to pay for taxi fares.
A Facebook user last week said on social media that the driver of a green taxi handed her a counterfeit HK$500 banknote in change after she paid the fare from the Shenzhen Bay checkpoint to Sheung Shui’s Ching Ho Estate.
A man in May used four fake HK$500 notes to buy cigarettes and add value to his Alipay account.
Shop staff later noticed the identical serial numbers on the notes and contacted police.
Acting Secretary for Financial Services and the Treasury Joseph Chan Ho-lim said last month that police had seized a total of 10,191 counterfeit Hong Kong banknotes last year and 7,803 fakes between January and May this year.
He attributed the high figure so far for 2024 to the amount of counterfeit HK$1,000 and $500 notes seized in several fraud cases.