Six held in Germany over scrapped euro scam

German prosecutors say six people have been arrested on suspicion of netting some €6m by having scrapped euro coins reassembled in China, and then cashing them in at Germany’s central bank.

Frankfurt prosecutor Doris Moeller-Scheu said the group was suspected of collecting 29 tons of eliminated one and two-euro coins and exchanging them at the Bundesbank between 2007 and 2010.