SINGAPORE: A 29-year-old man has been arrested for his suspected involvement in the production of S$50 and S$100 counterfeit notes, the Singapore Police Force (SPF) said on Friday (Jul 22).
In a news release, police said they received a report last Wednesday on the use of a counterfeit S$100 note at a coffeeshop along Upper Paya Lebar Road.
With footage obtained from police and CCTV cameras in the vicinity, officers from the Commercial Affairs Department established the suspect’s identity and arrested him along Upper Paya Lebar Road on Tuesday. A counterfeit S$50 note was also seized from the suspect following his arrest, police said.
The counterfeit S$50 and S$100 notes, which are believed to be photocopied reproductions, lacked security features genuine notes have such as the watermark, an octagonal reflective foil that is supposed to shift when the note is tilted and security-thread interwoven in the paper. They also lacked the embossed feel on genuine notes, authorities stated.
Investigations into the suspect are still ongoing. Anyone who is convicted of producing counterfeit currency notes or passing them off as genuine notes can be punished with up to 20 years' imprisonment and a fine.
In May, a 52-year-old man was arrested for allegedly producing fake S$50 notes using a photocopier and for trying to use them at a convenience store in Hougang.
http://www.channelnewsasia.com/news/singapore/man-arrested-for/2978790.html?cid=fbcna
In a news release, police said they received a report last Wednesday on the use of a counterfeit S$100 note at a coffeeshop along Upper Paya Lebar Road.
With footage obtained from police and CCTV cameras in the vicinity, officers from the Commercial Affairs Department established the suspect’s identity and arrested him along Upper Paya Lebar Road on Tuesday. A counterfeit S$50 note was also seized from the suspect following his arrest, police said.
The counterfeit S$50 and S$100 notes, which are believed to be photocopied reproductions, lacked security features genuine notes have such as the watermark, an octagonal reflective foil that is supposed to shift when the note is tilted and security-thread interwoven in the paper. They also lacked the embossed feel on genuine notes, authorities stated.
Investigations into the suspect are still ongoing. Anyone who is convicted of producing counterfeit currency notes or passing them off as genuine notes can be punished with up to 20 years' imprisonment and a fine.
In May, a 52-year-old man was arrested for allegedly producing fake S$50 notes using a photocopier and for trying to use them at a convenience store in Hougang.
http://www.channelnewsasia.com/news/singapore/man-arrested-for/2978790.html?cid=fbcna
