Chinese trial over fake receipts

  • China
  • 02/25/2008
  • MiMIC Journal

Five men are to appear in court in China charged with producing fake receipts that could have cost the state billions of dollars. The men are accused of forging over one million receipts worth a total of $147bn at a factory in Guizhou province. There is an active black market for fake receipts in China, which companies can use to claim tax rebates on business expenses.