Hong Kong police seize HK$16 million worth of fake euro notes from five-star hotel

Fake cash was found in two nylon bags in false ceiling of a 16th-floor room

PUBLISHED : Wednesday, 12 April, 2017, 9:31am
UPDATED : Wednesday, 12 April, 2017, 9:35am

Hong Kong police have seized a haul of fake euro notes with a face value of more than HK$16 million in a five-star Tsim Sha Tsui hotel.

A 39-year-old employee at the Intercontinental Grand Stanford on Mody Road contacted police at 10.39am on Tuesday after two nylon bags of notes were found in the false ceiling of a 16th-floor room.

The bags contained 4,000 suspected fake 500 notes with a total face value of 2 million (HK$16.5 million).

Police sources close to the matter said all the notes carried the same serial number, and the quality of the counterfeits was below average.

Seizures of large-denomination fake foreign banknotes of such scale in the city are rare.

No one has been arrested.

Police are reviewing check-in records for the room, and an investigation by the Commercial Crime Bureau is underway.