A 21-year-old man has been arrested for allegedly using counterfeit $50 notes on two separate occasions earlier this month.
The man was arrested on Monday (12 February) following a police report that two counterfeit notes were presented for payment at a convenience store along Choa Chu Kang Street 51 on 10 February.
Officers from the Commercial Affairs Department arrested him along Choa Chu Kang Street 51. A printer, a laptop and several pieces of $50 and $100 notes, which are believed to be counterfeits, were also seized as case exhibits.
According to police, the man is believed to have committed a similar offence on 11 February.
He was slated to be charged on Tuesday afternoon for attempting to pass off counterfeit currency as genuine notes. If convicted, the man faces a jail term of up to 20 years and a fine.
The counterfeit notes, which are believed to be photocopied reproductions, lack security features such as the watermark and the embossed feel on genuine notes.
More Info: sg.news.yahoo.com
Categories: Current Affairs