Whenever we think of S$10,000, our mind probably immediately goes to stacks of cash stashed in a suitcase or safe–definitely not a flimsy, yellow piece of paper.
Either ways, money is money, and if you didn’t already know, the Monetary Authority of Singapore (MAS) used to issue S$10,000 notes, more than 10 years ago. Some of these notes are still in circulation and are considered legal tender.
Having said that, a S$10,000 note is still a rare and questionable sight for most people, even bank staff–something that this man should really have taken into consideration before making the foolish decision to deposit a fake S$10,000 note.
Here’s What Happened
According to the police, on 23 December 2024, at approximately 12pm, a 36-year-old man allegedly handed over a S$10,000 note to a counter staff member at a bank located along Upper Cross Street, requesting the amount to be deposited into his bank account.
The counter staff member had his/her valid suspicions and thus reported this to the bank manager.
The police were alerted. Afterwards, they arrested the man and confiscated the counterfeit note for investigations.
The man will be charged tomorrow, 23 January 2025, for his suspected involvement in delivering a fake S$10,000 Singapore note. If found guilty, he will receive a jail term of up to 20 years and a fine.
Don’t Blur, Listen to The Police
The police have urged the public to be cautious of individuals offering money in exchange for assistance to convert large denomination currency notes that are fake, with genuine currency of smaller denomination; or for depositing such counterfeit notes at banks or other financial institutions.
You can find out more about how to distinguish between genuine and counterfeit currency on the MAS website.
MAS also advises the public to do the following if you suspect that you have received a counterfeit note:
- Keep the currency in the condition it was found or received
- Note down the particulars of the person or name of vendor from whom you received the counterfeit currency
- File a police report at the nearest police station immediately.
If you watch at least 10 minutes of brain rot content daily, you must know this:
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