Two men were caught printing $100 counterfeit Singapore bills and a total amount of $17,500 was seized. One of the men used the bill to place TOTO and horse bets at a Singapore Pools outlet.
According to the Police media release, a 63-year-old man used one of the counterfeit bills to place a bet at a Singapore Pools outlet located in Ubi. On Sunday(July 4), another man was arrested with the counterfeit bill on him along with drug paraphernalia.
On the same day, a 27-year-old and 44-year-old man were arrested and $17,500 in counterfeit banknotes were seized. The 44-year-old man will be in court and face charges for counterfeiting currency the 27-year-old man is still assisting in investigations.
If the man is found guilting of counterfeiting banknotes he can face up to 20 years in jail and fined.
For possession of counterfeit banknotes, one can be jailed up to a maximum of 15 years, those found with equipment or materials to forge banknotes can be jailed up to a maximum of 20 years.