The man will be charged on Thursday with making or possessing a counterfeit instrument with intent to commit forgery. If convicted, he could face up to seven years’ jail and a fine.
The police advised members of the public to research companies, their owners, directors and management before investing, and to verify the credentials of companies and their representatives using resources on the Monetary Authority of Singapore’s website.
Members of the public are also advised to verify the authenticity of court orders through the Authentic Court Orders portal and court documents through the official contact channels listed on the Singapore Courts’ website.
Those with information about scams can contact the police via their hotline at 1800 255 0000 or submit it online.
“All information will be kept strictly confidential,” said the police.
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