
China Breaks Counterfeit Goods Ring Worth 100 Million Yuan.
Chinese police have arrested 32 members of a group they said made and sold up to 100 million yuan ($14.9 million) worth of counterfeit luxury goods from brands such as Louis Vuitton and Loewe, state news agency Xinhua said. The case highlights the challenge faced by brands in China, whose products, such as cosmetics, and even automobiles, run the risk of being copied. Police in the commercial capital of Shanghai also closed two assembly lines used to make the counterfeits and seized more than 4,000 bags, clothes and accessories, each of which they said cost the group 200 yuan to make. Authorities launched the investigation last year, following a tip that knock-off luxury handbags were being sold on Chinese mobile messaging app WeChat, which is operated by Tencent Holdings.
Related Posts
DOF clears BIR use of tobacco tax stamps to arrest smuggling
The Department of Finance (DOF) has cleared the implementation of tax stamps on...
Forest products smuggling rampant at border areas
Taking advantage of virtually non-existent administrative mechanism in the remote...
Customs Seizes 59 iPhones and other Luxury Goods Worth Rs. 69.23 Lakhs at Delhi Indira Gandhi Airport
The Customs authorities at Delhi’s Indira Gandhi International Airport seized a...
DRI seizes 42 kg of smuggled gold
The Directorate of Revenue Intelligence (DRI) seized 42 kg of smuggled gold worth...