1.9 Million Euros Worth of Counterfeit Money Found in 5-Star Hotel

By | Apr 15, 2017 02:12 AM EDT
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hotel

Lobby of the Intercontinental Grand Stanford hotel in Hong Kong.(Photo : GETTY IMAGES)

Bags containing fake Euro notes amounting to 1.9 million euros (14.1 million yuan) were seized by police at a 5-star luxury hotel in Tsim Sha Tsui, Hong Kong. 

Two nylon bags carrying the fake bank notes were found by an employee at the Intercontinental Grand Stanford on Mody Road. The bags were concealed in a false ceiling of a room on the 16th floor. 

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Sources close to the investigation revealed that police found 4,000 fake €500 counterfeits with a total face value of €2 million (14.6 million yuan). The banknotes carried the same serial number with a below average quality. 

No arrest has been made yet as check-in records of the hotel are being reviewed and a special investigation by the Commercial Crime Bureau is underway. 

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