A 27-year-old Singaporean man has been arrested for using a counterfeit $100 note.
According to the police, they had received a report on 2 July at around 9am that a piece of counterfeit $100 Portrait Series note had been used to purchase an item at Geylang Road.
Officers from the Commercial Affairs Department identified the man and arrested him within 9-10 hours of the report being made.
The police seized six $10 notes and three $2 notes from the man. The notes are suspected to be criminal proceeds.
On 3 July, the man was charged in court and remanded for further investigations.
If found guilty of using counterfeit currency notes, one could be jailed for a term which may extend to 20 years, and they shall also be dealt with a fine.
How to Handle Possible Counterfeit Notes
Have you ever wondered what to do if you encounter counterfeit currency?
If you find yourself suspecting that you’ve got counterfeit currency on your hands, you should call the police immediately.
Also, remember to record down the profile of the person who gave you the counterfeit notes.
In addition, try not to handle the counterfeit note too much. Place it within a protective covering like an envelope or folded paper so as to avoid further tampering, and give it to the police immediately.
You can also find more information on how to identify genuine Singapore currency right here.
You know more about the Singapore dollar notes, watch this video to the end:
Man Imprisoned for Over 4 Years for Depositing Counterfeit $10,000 Note
Lest you’re not aware, you’d be punished severely if you’re found using a fake note.
A man who had deposited a counterfeit $10,000 note at a DBS bank branch was sentenced to four years and two months’ jail in 2020.
Saw Eng Kiat, 61, was a security officer with Marina Bay Sands during the time of offence.
He had been contacted by an Indonesian woman Yolanda, 46, one week before the offence.
Yolanda said that she had an Indonesian friend Jusuf Nababan, 48, who owned a $10,000 note and that Jusuf needed help to convert the note to smaller denominations.
Yolanda claimed that he could not change the note in Indonesia as the amount was too great.
Yolanda told Saw that Jusuf would give him a commission of $1,000 if he helped him.
Saw agreed to be involved and suggested changing the note at an antique store in Chinatown. Saw showed a photo of the note to the employees of two stores in Chinatown, but he was told that the note had no value and he was turned away.
Saw then went to a DBS bank instead and told the teller that he wanted to deposit it into his bank account.
The teller deposited the note and withdrew $5,000 for Saw.
Saw then withdrew another $2,000 from a nearby ATM machine.
Bank staff later realised that the $10,000 note was counterfeit. A police report was lodged and the Monetary Authority of Singapore found that the $10,000 note was fake.
Featured Image: hareluya / Shutterstock.com
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