31 May '16, 12pm

JUST IN: Man arrested for allegedly producing these fake S$50 notes

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 simul...

Full article: http://www.channelnewsasia.com/news/singapore/man-arreste...

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