Police in Hanoi have dismantled a criminal network involved in the storage, transportation, and circulation of counterfeit foreign currencies.

As many as seven people related to the ring were prosecuted and taken into custody on Monday, according to police.

Huynh Thi Bup, born in 1973 and residing in Kien Giang Province, Dang Thi Thuy Van, born in 1979 and residing in Ho Chi Minh City, and Dinh Xuan Tien, born in 1982 and residing in Hanoi, have been charged with the possession, transportation, and circulation of counterfeit currency.

Nguyen Tien Quan, born in 1979 and residing in Hanoi, along with Tran Dang Quang, born in 1985 and residing in Thua Thien-Hue Province, have been charged with the possession and transportation of counterfeit currency.

Nguyen Van Hung, born in 1968 and residing in Da Nang City, and Dam Mai Tat Dat, born in 1991 and residing in Bac Lieu Province, have been charged with the possession of counterfeit currency.

On June 24, 2022, the Hanoi police discovered that Dinh Xuan Tien had been in possession of and had circulated counterfeit money amounting to US$102,300, with fake bills having a face value of $100 each.

Tien then confessed to purchasing the bogus U.S. dollars from an individual named Van in Ho Chi Minh City, intending to resell them for personal gain.

Furthering the investigation, officers apprehended Dang Thi Thuy Van along with the aforementioned suspects. 

During the operation, they confiscated a significant amount of counterfeit foreign currencies, including U.S. dollars, Singapore dollars, Turkmenistan manats, among other currencies, with a cumulative value exceeding VND13 billion ($550,000).

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