A man working for a recycling company who claimed to have found 14 US$100 bills and tried to exchange them for New Taiwan dollars is being investigated for attempting to circulate counterfeit funds, Taipei police said yesterday.
The 37-year-old man, surnamed Su (蘇), took the bills to two separate bank branches to see if they were genuine, but employees at both said they looked suspicious, and urged him to go to the Bank of Taiwan’s head office to have them authenticated, police said.
Although Su did go to the bank’s head office, he went directly to the foreign exchange department to try and change the money, police said. After determining they were counterfeit, the police were notified.
Photo courtesy of Taipei city police department.
If convicted Su could face three to 10 years in prison and a fine of up to NT$90,000 under the Criminal Code, police said. People in possession of suspected counterfeit money are asked to report it to the police or to the Central Bank’s Department of Issuing, they added.
Taiwan is to commence mass production of the Tien Kung (天弓, “Sky Bow”) III, IV and V missiles by the second quarter of this year if the legislature approves the government’s NT$1.25 trillion (US$39.78 billion) special defense budget, an official said yesterday. Commenting on condition of anonymity, a defense official with knowledge of the matter said that the advanced systems are expected to provide crucial capabilities against ballistic and cruise missiles for the proposed “T-Dome,” an advanced, multi-layered air defense network. The Tien Kung III is an air defense missile with a maximum interception altitude of 35km. The Tien Kung IV and V
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Taiwan lacks effective and cost-efficient armaments to intercept rockets, making the planned “T-Dome” interception system necessary, two experts said on Tuesday. The concerns were raised after China’s military fired two waves of rockets during live-fire drills around Taiwan on Tuesday, part of two-day exercises code-named “Justice Mission 2025.” The first wave involved 17 rockets launched at 9am from Pingtan in China’s Fujian Province, according to Lieutenant General Hsieh Jih-sheng (謝日升) of the Office of the Deputy Chief of the General Staff for Intelligence at the Ministry of National Defense. Those rockets landed 70 nautical miles (129.6km) northeast of Keelung without flying over Taiwan,
A strong continental cold air mass is to bring pollutants to Taiwan from tomorrow, the Ministry of Environment said today, as it issued an “orange” air quality alert for most of the country. All of Taiwan except for Hualien and Taitung counties is to be under an “orange” air quality alert tomorrow, indicating air quality that is unhealthy for sensitive groups. In China, areas from Shandong to Shanghai have been enveloped in haze since Saturday, the ministry said in a news release. Yesterday, hourly concentrations of PM2.5 in these areas ranged from 65 to 160 micrograms per cubic meter (mg/m³), and pollutants were
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