A senior official of a bank in the southern province of Bac Lieu has given himself up to police after buying fake bank notes ‘worth’ US$23,900 and then, for fear of detection, throwing some of them away.
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Le Anh Duy, 33, director of a branch of Kien Long Commercial Joint Stock Bank in Hong Dan District, turned himself in to authorities on June 20, local police reported.
Based on Duy’s confession, the police later arrested his accomplice, Phan Van Hieu, 33, a resident of Hoa Binh District.
Duy told police that in December 2011, he gave VND245 million ($11,700) to Ta Ngoc Thuong, one of his relatives, and asked Thuong to go to Ho Chi Minh City to buy fake bank notes ‘worth’ VND500 million from a man only identified as Trong.
The purchase was made at a rate of VND490,000 in real money for VND1 million in fake bills.
After the purchase, Duy asked Thuong to hand all the fake money to Hieu to keep it while they waited for chances to use them to gain illegitimate profit.
However, Duy later learned that police in Tra Vinh and Soc Trang, which are Bac Lieu’s neighbouring provinces, had cracked down on some rings that used fake money.
For fear of detection, he urged Hieu to destroy the fake money.
Duy later threw VND20 million ($956) of fake money into a river, and the case was detected when a number of people found some of the money and used them to buy goods.
The police are expanding their investigation into the case.