Man arrested for printing counterfeit $50 notes and using them on 2 separate occasions

The police have arrested a 57-year-old man for his suspected involvement in at least two instances where counterfeit $50 notes were used.

On Friday (July 5), the police received a report that several pieces of counterfeit $50 Portrait Series notes were found in the vicinity of Upper Bukit Timah Road. 

With investigations, officers from the Commercial Affairs Department identified the man and arrested him on Monday (July 8).

Six pieces of $50 notes, which are believed to be counterfeits, a printer, some printing papers and apparels were seized.

Preliminary investigations revealed that the man is believed to have printed several pieces of $50 notes with his own printer and used the counterfeit $50 notes on at least two occasions to purchase low-value items.

The man will be charged in court on Tuesday (July 9).

Those convicted for the offence of counterfeiting currency notes and those convicted for the offence of using counterfeit currency notes as genuine notes may be liable for a jail term of up to 20 years and may also be fined.

The police would like to remind everyone to be wary of receiving possible counterfeit notes.

If you have received any suspected counterfeit currency note, you should:

• Report it to the nearest Neighbourhood Police Centre 
• Delay the person(s) who presented the suspected counterfeit note, if possible, and call the Police at ‘999’ immediately
• Note the description of the person(s) who presented the counterfeit note, including gender, race, age, height, built, clothing, tattoo and language/dialect spoken
• Note the description of the vehicle used, if any, including its registration number
• Limit the handling of the suspected counterfeit note and place it in a protective covering, such as an envelope, to prevent further tampering. Hand it over to the Police immediately.