China denies ‘despicable’ banknote forgery worth US$314 billion as alleged scam goes viral

Published Dec 22 2021 at 11:30 AM GMT
  • 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….



  • Published Dec 22, 2021 11:30 AM GMT