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Man arrested for producing and using counterfeit S$50 notes

Sample of one of the counterfeit S$50 notes. (Photo: Singapore Police Force)

A 52-year-old man has been arrested for allegedly being involved in the production and use of S$50 counterfeit notes.

In a statement on Tuesday (31 May), the police said that they received a report last Thursday (26 May) that S$50 counterfeit notes were used for payments at a convenience store at Hougang Street 91. After investigations, police officers arrested the man along Hougang Avenue 8 on the same day.

A printer, a bag and several pieces of S$50 notes, which are believed to be counterfeits, were seized by the police.

Anyone who is convicted of using counterfeit currency notes faces a jail term of up to 20 years, and is also be liable to fine.

The counterfeit notes, which are believed to be photocopied reproductions, lack security features of genuine notes such as watermark and security thread. The surface of the counterfeit notes also lacks the embossed feel of genuine notes.

The police said that the counterfeit notes in the cases reported have the following serial numbers: 5DC995967; 4KT595133; 4AX921719 and 4LB831932. They advised the public to be aware of counterfeit notes of other different serial numbers.

If members of the public were to encounter a presenter of the counterfeit notes, they should take note of the presenter’s appearance and call the police.

The security features of genuine Singapore currency can be found on the Monetary Authority of Singapore website.