China denies ‘despicable’ banknote forgery worth US$314 billion as alleged scam goes viral
Published
Dec 22 2021 at 11:30 AM GMT
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- China’s central bank on Wednesday denied a “despicable” rumour that a former senior official had forged 2 trillion yuan (US$314 billion) of banknotes after the allegation began trending on social media.
- Chen Yaoming, a board director of the China Banknote Printing and Minting Corporation, an affiliate of the People’s Bank of China (PBOC), turned himself in to authorities earlier this month.
- He is being investigated by the Central Commission for Discipline Inspection, the country’s top anti….
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- Published Dec 22, 2021 11:30 AM GMT