Close upon the arrest of Chang Chao-yn and his wife Li, reported to be leaders of a gang of counterfeiters with headquarters in the French Concession, last month, another alleged fake money dealer, Wang Cheng-chun, was caught with $2,000 worth of bogus Chinese currency on Monday, just as he was about to leave Shanghai, the "Shanghai Mainichi" reported on Wednesday.
Wang was seized at the North Station by an alert police officer of the Shanghai Special Municipality.
On the same day a pair of Chinese believed to be members of the same gang entered a cafe in Hongkew and exchanged $300 worth of counterfeit Chinese currency for Y.304.
Wang was arrested by Officer Li Lien-shu, who became suspicious of him while patrolling his beat at 6 o'clock on Monday morning at the railway station. The money he carried was false $5 bills of the Central Bank of China and the Bank of Communications, He was about to leave hier interior villages where police are not numerous and dispose of the money, the paper said.
Questioning of Wang has not brought to light any information on the operations of a counterfeit ring with which he is believed to be connected, the journal stated.
Text read from the printed page and cleaned; old type leaves the occasional error.