News Column

Thief swipes 1.5m yuan in rare currency

January 19, 2014

Global Times

Two shop owners at the Shanghai Lugong Stamp Market reported on January 4 that someone had stolen the rare renminbi bills, which had a face value of 400,000 yuan , plus 30,000 yuan in cash, according to a report in the Jiefang Daily .The stolen bills, which were issued from 1987 to 1997, are valuable collector's items, worth about 1.5 million yuan on the collectibles market, the report said.Surveillance camera footage showed that an unidentified man broke into the market around 1:30 am on January 4 by breaking the hollow metal bars on the outside of one of the windows. The footage did not clearly show the man's appearance.During their investigation, police came to believe that the thief had more than a passing familiarity with the market. Investigating officers quickly became interested in a former security guard, surnamed Wang, who left his job after working at the market for two days.Wang came to Shanghai in late December. He took a security guard job at the market after he lost all of his money gambling. While speaking with people at the market, he learned that the old currency was very valuable.He had also planned to steal bills that the People's Bank of China began issuing in 1962, but he could not find any during the break-in.After the theft, Wang fled to Wuhu, Anhui Province and then went to Fujian Province on January 6 . Police arrested Wang on January 14 at a hotel in Jinjiang , Fujian Province . He had spent the stolen cash, but had not sold any of the rare currency notes. Global Times

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Source: Global Times

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