Sham Shui Po in Kowloon where some of the fake notes were used. Photo: Google Maps

Police arrested four Hong Kong residents on Sunday for producing and using fake bank notes worth more than HK$220,000 (US$28,040).

Officers from the commercial crime bureau raided a flat in a commercial building in Aberdeen on Hong Kong on Sunday and seized 1,120 HK$500 and HK$100 counterfeit banknotes, Apple Daily reported.

The raid came after 34 reports in March from retailers in Sham Shui Po, who discovered they had received HK$500 and HK$100 fake banknotes from customers. A 32-year-old Hong Kong man was arrested. Inside the flat, a total of 269 HK$500 and 846 HK$100 fake banknotes, a color printer and some printing equipment were confiscated.

Police later arrested two men and one woman aged between 24 and 43 in Tsing Yi, Sau Mau Ping and Tai Po for conspiracy to produce and use counterfeit banknotes. Five HK$500 notes were seized at the home of one of the other men, Sing Tao Daily reported.

Tse Ka-lun, the acting chief inspector of the Commercial Crime Bureau, said the quality of the counterfeit banknotes was poor as the suspect only used a color printer and plain A4 paper to produce the fake notes. Tse believed most people would be able to identify the fake banknotes.

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