31 May '16, 12pm

Man arrested for producing and using counterfeit $50 notes

Man arrested for producing and using counterfeit $50 notes

SINGAPORE - A 52-year-old man who is believed to be involved in the production of $50 counterfeit notes has been arrested, police said. Police said it received a report last Thursday (May 26) that counterfeit notes were used at a convenience store in Hougang Street 91. The suspect was arrested along Hougang Avenue 8 that afternoon at about 3.15pm. A printer, a bag and several pieces of $50 notes, which are believed to be counterfeits, were seized. A photo of two fake notes have been circulating on messaging service WhatsApp recently. The two $50 notes in the photo have the same serial number: 5DC995967. Hawkers in Hougang were on the alert on Tuesday (May 31) for the counterfeit currency, Lianhe Wanbao reported. Some wrote down the serial number and were checking $50 bills that they received against it. A Hardwarezone forum said the notes were supposedly collected at an NT...

Full article: http://www.straitstimes.com/singapore/man-arrested-for-pr...

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