Man arrested for producing, using fake S$50 notes

Man arrested for producing, using fake S$50 notes

The counterfeit notes are believed to be photocopied productions, according to police.

SINGAPORE: A 52-year-old man was arrested for allegedly producing and using fake S$50 notes, police said in a media release on Tuesday (May 31). Police said they received a report at 10am on May 26 that fake S$50 notes had been presented for payment at a convenience store near Hougang St 91. Following investigations, the man was nabbed at about 3.15pm that same day.

A printer, a bag and several S$50 notes, believed to be counterfeits, were seized, police said. They added that the counterfeit notes in the reported cases bear the following four serial numbers:

Police said the fake notes are believed to be photocopied reproductions, and lack security features such as a watermark and security thread, which are found on genuine notes.

"They contain simulated kinegram (octagonal reflective foil) which is distinctively different from those on genuine notes. The image on the simulated kinegram does not shift when the note is tilted. The surface of the counterfeit notes also lacks the embossed feel on genuine notes," police said.

Investigations are ongoing. Anyone convicted of using fake notes could be jailed for up to 20 years, as well as fined.

A photo of two S$50 notes bearing the serial number 5DC995967 has been circulating on chat application WhatsApp as well.

Police advised members of the public to take note of counterfeit notes that could bear different serial numbers. If a person suspects that they have received a fake note, they should:

- Delay the person they received the note from, if possible, and call the police at 999 immediately

- Take note of the person's distinguishing characteristics, such as gender, race, age, height, build, attire, tattoos, ear studs, language/dialect spoken as well as that of any companions

- Note the vehicle registration number (if any); and

- Limit the handling of the note and place it in a protective covering, such as an envelope, to prevent any tampering, and hand it over to the police immediately.

According to the Monetary Authority of Singapore's (MAS) website, security features on genuine Singapore currency include a Braille code printed in heavy intaglio ink at the top right hand corner of each note so visually handicapped users can recognise different denominations by touch. On paper notes, a kinegram appears as an octagonal foil on the front of the note, containing an image of the denomination numeral which shifts as the note is tilted, MAS said. A guide on identifying genuine notes is available on MAS' website.

Security features on Singapore's paper notes. (Image: MAS)

Source: CNA/dl