SINGAPORE: A man and two women have been arrested for their alleged involvement in the use of a fake S $ 10,000 serial note, police said on Saturday (September 25th).
Police received a report at around 2 p.m. on Wednesday regarding a man who presented the counterfeit S $ 10,000 bill to a bank in block 449 Clementi Avenue 3.
The man allegedly asked to exchange the note for smaller denominations, police said in the statement.
Bank employees, however, identified the note as counterfeit and alerted the police.
Agents from the Department of Commercial Affairs arrested the 58-year-old man and later established the identities of two other women, aged 37 and 33, who were also suspected of being involved in the case.
A fake S $ 10,000 bill, a red packet and a forged document purportedly issued by the Monetary Authority of Singapore were seized as exhibits.
Police investigations are underway.