Fake goods ring that netted 70m yuan is busted
Shanghai police have arrested 25 suspects on charges of selling counterfeit goods to overseas customers through more than 200 websites. Officers confiscated more than 60 computers and servers, together with 1.75 million yuan ($282,000) in cash in an operation launched on April 1. The sums involved amount to 700 million yuan, local media reported.
French luxury brand Louis Vuitton contacted the Shanghai public security bureau after learning there were websites based in China selling fake LV handbags. Some of the counterfeit goods were sent from Shanghai.
Fake goods were offered at 10 to 20 percent of the cost of real ones on the websites meaning a fake LV handbag could be bought for 1,000 to 2,000 yuan while a real one cost 15,000 yuan.