China: Around The Nation

Chinese woman tries to cash 13 million yuan betrothal gift, discovers it is fake

Young fiancé arrested after confessing he bought counterfeit deposit certificate

PUBLISHED : Friday, 14 October, 2016, 12:03pm
UPDATED : Friday, 14 October, 2016, 12:42pm

A young man in eastern China has been arrested for faking a financial document after his older girlfriend tried to cash in a deposit certificate he gave her as a betrothal gift, and discovered it was counterfeit.

The 40-year-old woman, identified only by her surname Zhuang, went to a bank in Yangzhou, Jiangsu province, to cash in a deposit certificate with a face value of 13 million yuan (HK$15 million) but the bank staff told her the certificate was false, the Modern Express reported.

The clerk found the certificate lacked an electronic chip and the seal appeared to have been printed, in addition to mistakes in other information, the report said.

The certificate appeared to show that 13 million yuan was deposited on September 22 for a one-year term.

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Zhuang said the certificate was given to her by her boyfriend, surnamed Bao, 24, as a betrothal gift ahead of their planned wedding in November.

Under police questioning, Bao confessed he bought a fake certificate for 250 yuan as he had told Zhuang he made a fortune through land compensation.

Police found Bao was only released from jail in August after earlier being found guilty of theft.

Bao said he met Zhuang and chose to approach her because she was better off than him, the report said.