Hong Kong police have seized a haul of fake euro notes with a face value of more than HK$16 million in a five-star Tsim Sha Tsui hotel.
A 39-year-old employee at the Intercontinental Grand Stanford on Mody Road contacted police at 10.39am on Tuesday after two nylon bags of notes were found in the false ceiling of a 16th-floor room.
The bags contained 4,000 suspected fake €500 notes with a total face value of €2 million (HK$16.5 million).
Police sources close to the matter said all the notes carried the same serial number, and the quality of the counterfeits was below average.
Seizures of large-denomination fake foreign banknotes of such scale in the city are rare.
No one has been arrested.
Police are reviewing check-in records for the room, and an investigation by the Commercial Crime Bureau is underway.