KUALA LUMPUR: A suspect, 35, who came up with a novel way of exchanging fake RM50 notes for genuine currency was nabbed by police in Desa Jaya here yesterday. The suspect could churn out fake RM50 notes in minutes using a colour printer. More shocking was the fact that the suspect could also turn the fake notes into genuine notes in a matter of minutes.
A source said the suspect would deposit fake RM50 notes at remotely-located cash deposit machines (CDMs).
After the money was credited into his account, he would withdraw the money via an automated teller machine.
"Banks suffered losses amounting to tens of thousands of ringgit as a result of the scam. The suspect may have deposited as much as RM100,000."
However, after an undisclosed amount of losses, bank authorities gave police full cooperation, including access to closed-circuit television images.
"The CCTV images were from branches which discovered fake RM50 notes among the money retrieved from CDMs at collection time," the source said.
"Police checked their data-base to determine if there were suspects matching the images retrieved from the CCTV footage."
And one did. The suspect was wanted by the federal police in connection with fraud and cheating cases.
Gombak police confirmed the suspect was arrested yesterday.
In one room of the suspect's house, police discovered print-ers, scanners, computers and high-quality white paper used to print the fake RM50 notes in huge quantities. A total of RM14,800 worth of fake money was found there.
Fifteen police reports had been lodged by banking authorities.
The suspect is expected to be brought to the Selayang magistrate's court today, where he will be remanded.
................................................................................................A source said the suspect would deposit fake RM50 notes at remotely-located cash deposit machines (CDMs).
After the money was credited into his account, he would withdraw the money via an automated teller machine.
"Banks suffered losses amounting to tens of thousands of ringgit as a result of the scam. The suspect may have deposited as much as RM100,000."
"The CCTV images were from branches which discovered fake RM50 notes among the money retrieved from CDMs at collection time," the source said.
"Police checked their data-base to determine if there were suspects matching the images retrieved from the CCTV footage."
And one did. The suspect was wanted by the federal police in connection with fraud and cheating cases.
Gombak police confirmed the suspect was arrested yesterday.
In one room of the suspect's house, police discovered print-ers, scanners, computers and high-quality white paper used to print the fake RM50 notes in huge quantities. A total of RM14,800 worth of fake money was found there.
Fifteen police reports had been lodged by banking authorities.
The suspect is expected to be brought to the Selayang magistrate's court today, where he will be remanded.
Mean while in Ranau Sabah an elderly small-time vegetable seller from a remote village here helped police bring to heel a counterfeit ring with the arrest of six local men and seizure of more than 200 pieces of suspected fake RM100 notes.
It all started when three men thought they could fool the woman by getting her to accept counterfeit money, last Sunday.The 84-year-old, who had been cheated once, immediately realised the RM100 note handed over to her was dubious and quickly but quietly informed the police.
District Police Chief, DSP Suhaimy Hashim, said the three men had earlier met the woman in town and convinced her to give them smaller change for their RM100.
"She suspected it was fake as she had fallen victim before, tricked into receiving a fake RM100 note," he said, adding a police team detained the trio thereafter.
In gathering information, police detained another man and seized from him four fake RM100 notes. "In the end, we arrested six local men, in their 30s, and over 200 fake RM100 notes," he said.
Police are still investigating whether the ring had other members still at large or if it was connected to a bigger syndicate, Suhaimy said.
Police believe the group had not been operating for a long time here but he did not dismiss the possibility that they could have put a sum of fake notes in circulation here.
District Police Chief, DSP Suhaimy Hashim, said the three men had earlier met the woman in town and convinced her to give them smaller change for their RM100.
"She suspected it was fake as she had fallen victim before, tricked into receiving a fake RM100 note," he said, adding a police team detained the trio thereafter.
In gathering information, police detained another man and seized from him four fake RM100 notes. "In the end, we arrested six local men, in their 30s, and over 200 fake RM100 notes," he said.
Police are still investigating whether the ring had other members still at large or if it was connected to a bigger syndicate, Suhaimy said.
Police believe the group had not been operating for a long time here but he did not dismiss the possibility that they could have put a sum of fake notes in circulation here.
No comments:
Post a Comment