A Chinese man sentenced to death for counterfeit currency worth US$31 million

June 14, 2012 - 10:08 AM

BEIJING, China - Chinese state media say a man has been sentenced to death for forging currency worth tens of millions of dollars.

The official Xinhua News Agency reported Thursday that Wu Shengyou was the ringleader in producing 195 million yuan (US$31 million) in counterfeit money in south China's Hunan province and transporting them to Guangzhou province, where Wu's group sold 128 million yuan of the fake notes before the rest was seized by police.

Xinhua says Wu plans to appeal the death penalty, which was handed down by a court in south China's Guangzhou city.

Capital punishment is widely used in China for crimes ranging from murders to drug trafficking and tax evasion.

News from © The Associated Press, 2012

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