The People’s Procuracy in Tien Giang Province, located in Vietnam’s Mekong Delta, has finished an indictment for seven individuals involved in a ring that produced and traded counterfeit money.

The suspects, aged 24 to 46, mainly hail from provinces in the Mekong Delta, a source from the procuracy confirmed on Tuesday.

They were charged for making, circulating, and possessing counterfeit money.

According to the indictment, Tran Duy Thanh, 31, and Nguyen Long Binh, 21, were caught red-handed selling the fake cash to Dinh Vu Linh, 25, and his father, 46-year-old Dinh Van Chien, on the evening of August 30, 2017.

The exchange ratio was VND10 million ($430) of real money for VND30 million (US$1,292) worth of counterfeit cash.

Police officers later conducted a search of the suspects’ homes and confiscated about 186 VND500,000 ($21.5) banknotes.

At the police station, Thanh and Binh claimed they, accompanied by another man named Son Hong Vo, had made and sold approximately 240 VND500,000 ($21.5) bills in July and August 2017, pocketing more than VND58 million ($2,499) in real cash.

The production took place at their tenanted house in the southern province of Binh Duong.

The suspects added they first started faking the VND100,000 ($4.3) banknote but were unable to sell it.

In early October of the same year, Truong Vinh Thanh, 34, was nabbed for using several bogus banknotes. He said the cash was given to him by 26-year-old Phan Bao Duy.

Officers later found out that Duy had purchased the fake money from Thanh, Binh, and Vo, before connecting the two cases together.

Thanh, Binh, and Vo also said they had sold their fake money to some other people but could not remember their names.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!