11 Feb '11, 12pm

Three jailed for dealing with counterfeit S'pore currency: SINGAPORE: Three men were sentenced on Friday, to bet...

SINGAPORE: Three men were sentenced on Friday, to between 27 months and eight years in jail, for dealing in counterfeit local currency. 31-year-old Narindran Sangara Banoi, who faced 55 charges in all, received the stiffest sentence. He pleaded guilty to 15 with the rest taken into consideration. Narindran admitted he had used his home printer to produce the fake currencies as he was facing some financial difficulties last year. He scanned the front and back of Singapore 10 and 50-dollar notes, printed their images onto some paper, before cutting them out for further use. In all, the unemployed man produced 74 counterfeit 50-dollar notes and 27 10-dollar notes between April and September. Narindran then shared the fake notes with his accomplices and the group used them as though it was legal tender. One of them, 31-year-old Jegathesan Subramaniam, was sentenced to three ye...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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