Two men aged 24 and 26 were arrested by the police for allegedly selling counterfeit footwear on 15 April.
The Singapore Police Force said that on 15 April last Saturday, officers from the Criminal Investigation Department (CID) arrested two men aged 24 and 26 who were suspected of selling about 1,700 pairs of counterfeit footwear with an estimated street value of more than SGD370,000.
Police investigations are currently underway.
Caught during police raid
TODAY reported that the CID officers had conducted a raid on Saturday (15 April) at Bishan Street 23 and Yishun Ring Road, where they arrested a 24-year-old man and a 26-year-old man.
The two men’s counterfeit goods were also seized by the officers during the raid.
According to The Straits Times, the two men had sold around 1,700 pairs of fake shoes, which had an estimated total street value of more than SGD$370,000.
Up to 5 years jail and hefty fine
For the offence of possessing goods with falsely applied trademarks for the purpose of trade, the two men face a fine of up to $100,000 if they are convicted.
They also face a jail term of up to 5 years if convicted, and they may receive either or both punishments.
The Singapore Police Force added that they will not hesitate to take tough action against perpetrators who profit at the expense of legitimate businesses and consumers.
Counterfeit products
Counterfeit products, also known as fake or knockoff products, are items that are made to look like and sold as authentic products, but are actually imitations produced without authorization.
These products can range from luxury goods such as designer clothing and handbags to everyday items like electronics, medications, and even food products.
Counterfeit products have become a major problem for businesses and consumers alike, with estimated losses of over $460 billion globally each year.
The production and sale of counterfeit products are illegal and can be harmful to both consumers and the economy.
Counterfeit products are often of lower quality than the genuine article, and can even be dangerous, containing harmful substances or components that can cause harm to consumers.
In addition, counterfeit products can damage the reputation of genuine brands, leading to loss of trust and revenue for businesses.
Consumers may be exposed to dangerous chemicals or ineffective ingredients, resulting in harm. The sale of counterfeit products also undermines the integrity of markets and can result in lost revenue for legitimate businesses.