Henan M-cat dealers found sleeping on fortune of US$12.6m
Police in the city of Anyang in central China's Henan province raided the house of a couple following reports they were selling the drug methcathinone, an addictive psychological stimulant, whereupon they found the two sleeping on a pile of 80 million yuan (US$12.6 million) in cash.
The suspects, Cui Yanyun and his wife, have been dealing in methcathinone in the provinces of Henan, Shanxi, Jiangsu and Anhui since December 2009. They bought tons of the drug, which is variously known in street lingo as Meth's cat, M-cat or wannabee speed, for 700 yuan (US$110) per kilogram from arrested members of manufacturing rings after which they sold it to users for 14,000 yuan (US$2,200) per kilogram.
As the couple made more money from the huge price discrepancy, they asked another man to manufacture cheaper methcathinone for them so they could increase their profits even further. The poor quality of the cheap methcathinone often had unpredictable effects and caused one addict to jump to his death, prompting the investigation which led police to the couple.
Police were overwhelmed by the amount of cash in the couple's house which they required 56 bags to transport to a local bank where over 30 staff where needed to count it. The head of the bank said he had never seen such a large amount of cash. To ensure the safety of the find, police filmed the counting process which required over 20 CCTV tapes.
The couple said that as they earned more money from selling the drug, they became increasing insecure about their own safety and the money. As they dared not draw attention to themselves they bought houses, gold and stocks in the names of their friends and relatives who soon started grow suspicious of them. They stored the cashed in boxes and slept on them in their old house. When they felt their money was in danger, they relocated and transported the money by tractor.
They became so afraid that people may discover how rich they were that when they visited relatives during Chinese New Year, they chose to only buy one chicken as a gift instead of the traditional two, even though they had made almost 100 million yuan (US$15.7 million).
The chief of the police asked the couple why they did not stop when they earned a million. Cui said he wanted to stop but the business was just too good.
http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1103&MainCatID=11&id=20111027000040
Police in the city of Anyang in central China's Henan province raided the house of a couple following reports they were selling the drug methcathinone, an addictive psychological stimulant, whereupon they found the two sleeping on a pile of 80 million yuan (US$12.6 million) in cash.
The suspects, Cui Yanyun and his wife, have been dealing in methcathinone in the provinces of Henan, Shanxi, Jiangsu and Anhui since December 2009. They bought tons of the drug, which is variously known in street lingo as Meth's cat, M-cat or wannabee speed, for 700 yuan (US$110) per kilogram from arrested members of manufacturing rings after which they sold it to users for 14,000 yuan (US$2,200) per kilogram.
As the couple made more money from the huge price discrepancy, they asked another man to manufacture cheaper methcathinone for them so they could increase their profits even further. The poor quality of the cheap methcathinone often had unpredictable effects and caused one addict to jump to his death, prompting the investigation which led police to the couple.
Police were overwhelmed by the amount of cash in the couple's house which they required 56 bags to transport to a local bank where over 30 staff where needed to count it. The head of the bank said he had never seen such a large amount of cash. To ensure the safety of the find, police filmed the counting process which required over 20 CCTV tapes.
The couple said that as they earned more money from selling the drug, they became increasing insecure about their own safety and the money. As they dared not draw attention to themselves they bought houses, gold and stocks in the names of their friends and relatives who soon started grow suspicious of them. They stored the cashed in boxes and slept on them in their old house. When they felt their money was in danger, they relocated and transported the money by tractor.
They became so afraid that people may discover how rich they were that when they visited relatives during Chinese New Year, they chose to only buy one chicken as a gift instead of the traditional two, even though they had made almost 100 million yuan (US$15.7 million).
The chief of the police asked the couple why they did not stop when they earned a million. Cui said he wanted to stop but the business was just too good.
http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1103&MainCatID=11&id=20111027000040
