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Thieves caught selling fake gold bars to pawn shops

By Mason White 4:17 PM April 9, 2017
Gold bars (illustration)
Gold bars (illustration)
By: Tanya Clark

Police warned the public that a group of thieves sold fake gold bars to several pawn shops and might be looking for more unsuspecting buyers, according to a statement by police in Singapore.

The Public Affairs Department of the Singapore Police Force said that officers have arrested two men, 17 and 25, for their suspected involvement in several cases of selling fake gold bars.

On Thursday around 3:00 p.m., the police received a report that two men had tried to pawn two gold bars believed to be fake.

Through extensive investigative follow-ups and with the aid of security surveillance footage, officers from the Central Division established the identities of the two suspects and arrested the 17-year-old man along Race Course Road while the 25-year-old man was arrested on the same day along Holland Close.

The suspects face up to 10 years in prison if convicted of fraud.

On Saturday, police arrested an additional four men who were caught selling fake gold bars to pawn shops and members of the public.

During a raid the suspects’ homes, police seized 45 fake gold bars. A 17, 19, and 24 year old have been charged with conspiracy.