Four men arrested for suspected involvement in pawnshop gold scam

Four men have been arrested for suspected involvement in a series of cheating cases  involving the pawning of fake "The Perth Mint Australia" gold bars.
Four men have been arrested for suspected involvement in a series of cheating cases involving the pawning of fake "The Perth Mint Australia" gold bars. PHOTO: BLOOMBERG

SINGAPORE - Police have arrested four men aged between 21 and 29, for suspected involvement in a series of cheating cases.

On Sept 11, the police received several reports on cases of cheating involving the pawning of fake "The Perth Mint Australia" gold bars. Investigations by officers from Ang Mo Kio and Tanglin Division revealed the identities of the four suspects who were subsequently arrested, the police said in a statement.

Cash amounting to $1,000 was seized as case exhibit. Preliminary investigations revealed that the four men are believed to be involved in several other similar cases of cheating.

The four are expected to appear in Court on on Sept 15.

The police has called on pawnshop owners to be vigilant so that they do not fall for similar ruses. They have also been advised to check and verify the identities of individuals who pawn items at their business premises, including their guarantors. Pawnshop owners are also encouraged to carry out detailed examination of the items to be pawned before making any transactions.