
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
Rs 1 cr worth of iPhone caught at Hyderabad airport
The officials arrested two passengers to whom the checked-in luggage belonged and...
Ahead Of Kairana Bypoll, Illegal Alcohol Worth 1 Crore Seized
MUZAFFARNAGAR: The police today claimed to have seized liquor worth Rs. one...
Asia-11 study: Pakistan, along with Vietnam, top consumer of illicit cigarettes
KARACHI: Despite all the efforts put in by the Federal Board of Revenue (FBR),...
Counterfeit clothes worth more than £6m seized in Manchester raids
Greater Manchester Police said officers had closed down 18 shops in Manchester's...