Singapore police said on Saturday that they have seized 45 fake gold bars and arrested six men for trying to sell the counterfeit items. The authorities carried out simultaneous operations on Thursday and Friday in Yishun, Joo Koon Road, Kampong Java Road and Outram Road and arrested the suspects, aged between 17 and 24.
According to the police, they received reports of attempts to sell the fake gold bars between March 13 and April 5. The preliminary investigations revealed that the suspects had tried to peddle the counterfeit items to several pawnshops and members of the public.
Three of the suspects, who were aged 17, 19 and 24, will be charged in court for conspiracy to cheat under Section 420 read with Section 109 of the Penal Code. However, the investigations against the remaining suspects are still ongoing.
Earlier on Wednesday, two men were arrested in relation to the same case for their botched attempts to offload two fake gold bars at a pawnshop near Tekka Market.
Singapore police urged the members of the public to be cautious about such fake and counterfeit products in the market. They asked the public not to buy gold bars from unreliable sources.
The authorities said that if anyone is found guilty of cheating, he may be jailed for up to 10 years, and may face a fine as well.
