Tuesday, April 5, 2011

Singapore jailed three men for using counterfeit money

fake money

Three men are jailed for using counterfeit money printed from a home printer.

Three men were jailed for using counterfeit currencies. Narindran Sangara Banoi, 31, who made the Singapore currency notes and passed them to his accomplices, received the highest sentence of eight years. He pleaded guilty to 15 of 55 charges.

Jegathesan Subramaniam, 31, who had 10 charges for conspiring with Narindran in August 2010 on two occasions to use a fake S$50 note to pay for cab fares, was jailed for three years.

A third man, Ramer Rethina Thevar Ramanathan, 42, was sentenced to two years and three months jail after pleading guilty to using fake S$50 notes to pay for a bar of chocolate and a pair of sunglasses.

A fourth accomplice, Segar Ramiah, 37, had his plea rejected earlier. A pre-trial conference date is set for Feb 24.

Local media reported that Narindran used his colour printer to scan and print Singapore currency notes in denominations of S$2, S$10 and S$50, which had a total worth of S$3,970 as he was facing financial difficulties.

He then told Jagethesan, Ramer and his relative, Segar, about the counterfeit notes.

The fake notes were to be used by either himself, or with any one of his accomplices. He also supplied the other three with fake currency for their own use.

They could have been jailed for up to 20 years and fined on each charged.

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