The Shanghai daily newspaper reported today that thousands of fake luxury bags and purses have been confiscated and 73 suspects detained in southern China in a crackdown on what police say was a major source of counterfeit goods destined for export to the USA and the Middle East.
More than 20,000 bags and suitcases purporting to be famous brands such as Louis Vuitton, Hermes and Coach were discovered in the suspects' warehouses along with 17 manufacturing machines, 91 bank cards and deposit books, the Ministry of Public Security said.
Investigators said that more than 960,000 fake bags of various brands had been manufactured by this gang for export. So much for just buying fake bags in China.
They estimated the value of conterfeit goods is five billion yuan or $802,000,000 (US)
In January this year, police received information that the suspects were making fake Louis Vuitton and Coach bags in Guangzhou, capital of Guangdong Province, and exporting them to countries including the United States. Police launched a raid to capture the gang as they were in the process of exporting another batch of fake bags.
More than 20,000 bags and suitcases purporting to be famous brands such as Louis Vuitton, Hermes and Coach were discovered in the suspects' warehouses along with 17 manufacturing machines, 91 bank cards and deposit books, the Ministry of Public Security said.
Investigators said that more than 960,000 fake bags of various brands had been manufactured by this gang for export. So much for just buying fake bags in China.
They estimated the value of conterfeit goods is five billion yuan or $802,000,000 (US)
In January this year, police received information that the suspects were making fake Louis Vuitton and Coach bags in Guangzhou, capital of Guangdong Province, and exporting them to countries including the United States. Police launched a raid to capture the gang as they were in the process of exporting another batch of fake bags.
The gang is believed to have made such huge profits from the business that they had even managed to buy a large plot of land in Anhui Province where they were planning to build a factory, police said.
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