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.