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3 foreigners nabbed for alleged fake gold ingot scam

ALL THAT GLITTERS... In this closed-circuit television footage provided by a businessman (centre) who was the victim of the apparent scam, two of the suspects try to sell him gold that they claimed to have dug up.


    Nov 27, 2014

    3 foreigners nabbed for alleged fake gold ingot scam

    THREE men have been arrested for suspected involvement in a fake gold ingot scam.

    The men, all Chinese nationals aged between 37 and 44, will be charged in court for attempted cheating today.

    Speaking at a press conference yesterday, Central Police Division commander Daniel Tan said the police received a report by a 60-year-old businessman on Tuesday afternoon, saying that two men claimed to have found gold ingots while excavating the ground at an unknown site.

    In an attempt to deceive the businessman, the two men produced a document in old Chinese writing resembling an old will and a piece of gold ingot to allow him to check with a goldsmith shop.

    After negotiating a price of $180,000, the two suspects left the businessman to consider the offer. Unsure if the deal was too good to be true, he called the police.

    A team of officers who conducted extensive inquiries into the case arrested the two suspects four hours later on Tuesday evening. Police officers also arrested another accomplice. In total, the police seized more than 200 pieces of small gold-coloured ingots, a piece of paper with Chinese writing and six gold-coloured mini Buddha statues.

    If convicted of attempted cheating, the men face up to 10 years in jail and a fine.