Malaysian in such a great deal

13Friday

who is this Chin daniel Lim? London court: M'sian in bizarre RM192 bil con plot

Oct 23, 07 12:34pm Adjust font size:

An "audacious" band of counterfeiters tried to con the Bank of England out of a whopping 28 billion pounds (RM192 billion) with badly-made fake notes, a London court heard on Monday. The gang, including a Malaysian, tried to use an "avalanche" of counterfeit 1,000-pound notes (RM6,840) - out of circulation since 1943 - and 360 so-called "special issue" 500,000-pound notes (RM3.4 milllion), which have never even existed, London's Southwark Crown Court was told. Among the five other defendants on trial are defendants from Australia, China and Hong Kong. Just 63 examples of the 1,000-pound notes had not been accounted for when they were withdrawn from circulation, the eight men and four women of the jury heard. Had the counterfeit notes been genuine, added prosecutor Martin Evans, it would have meant they were worth nearly three quarters of the 39 billion pounds (RM267 billion) currently in use around the world. "This case concerns what the prosecution say was an audacious plan to present counterfeits, pieces of paper that resembled - the prosecution would say only slightly - bank notes in order to persuade the Bank of England to honour the promise all bank notes carry, the promise to 'pay the bearer' the amount shown," Evans said. Bank of England officials were told the notes were real and belonged to a "family" of former Chinese nationalist officials - the oldest of whom was aged 116. Apart from any other considerations, the apparently forged signature on the notes was incorrect, the court heard. Trial to last six weeks Sir Jasper Quintus Hollam - who was not appointed the chief cashier of the Bank of England until 1963 - always used his first two initials when signing his name, rather than just the second the alleged counterfeiters had used. On trial are the family's so-called "chief" Chin "Daniel" Lim, 50, from Malaysia; Ross Cowie, 62, who described himself as an Australian lawyer; Kim Ming Teo, 41, said to be another lawyer; Ping Shuen Mak, 56, from Hong Kong; Kwok Kwong Chan, 55, from China, and Chi Kuen Chung, 53, from Hong Kong. All live in the London area and deny one count of conspiring to defraud the Bank of England between December 1, 2006 and March 27 this year. The trial, which is expected to last six weeks, continues Tuesday. - AFP

wow that s bad huh what the h** they think they are doing..

playing with money
i know when i was small i also playing with money you know
monopoly haha that's wat we use to
BUt that's practice don't the money into real life
it's burn your hand haha
becarefull