More than 1,700 pairs of footwear estimated to be worth over $370,000 in street value were seized in operations which saw two men arrested for their suspected involvement in the sale of counterfeit goods. The men, aged 24 and 26, were nabbed during raids on April 15 in...
More than 1,700 pairs of footwear estimated to be worth over $370,000 in street value were seized in operations which saw two men arrested for their suspected involvement in the sale of counterfeit goods.
The men, aged 24 and 26, were nabbed during raids on April 15 in Bishan Street 23 and Yishun Ring Road by officers from the Criminal Investigation Department.If found guilty of possessing goods with falsely applied trademarks for the purpose of trade, the men can be jailed for up to five years, fined up to $100,000, or both.
The police said they take a serious view of intellectual property rights infringement and reminded the public that the distribution and sale of counterfeit goods are serious offences.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Duo arrested for alleged sale of counterfeit goods; over 1,700 pairs of footwear worth $370k seizedThe pair were nabbed in raids conducted by the Criminal Investigations Department. Read more at straitstimes.com.
Read more »
OCBC and police joint operation prevents 700 scam victims from further $12.6m lossesSINGAPORE – Live interventions were carried out during a recent month-long joint operation by the Singapore Police Force’s Anti-Scam Centre (ASC) and OCBC Bank to prevent losses of more than $12.6 million for more than 700 victims. Officers from ASC and OCBC conducted live interventions by analysing in real time the fund flows to more than 500 bank accounts which...
Read more »
Joint police-OCBC operation stops scam losses of more than $12.6m for 700 victimsLive interventions were carried out during a recent month-long joint operation by the Singapore Police Force’s Anti-Scam Centre (ASC) and OCBC Bank to prevent losses of more than $12.6 million for more than 700 victims. Officers from ASC and OCBC conducted live...
Read more »
Analysis: Wealth taxes on inherited property, luxury goods and cars are challenging, costly to enforceSINGAPORE — A tax on luxurious goods such as high-end cars and landed property as well as an inheritance duty on multi-million-dollar homes may seem like plausible ways to protect Singapore's meritocracy, but it can be challenging and even costly to implement and enforce such measures.
Read more »
Police arrest 2 men suspected of selling 1,700 pairs of counterfeit footwear worth more than S$370,000SINGAPORE — Two men aged 24 and 26 were arrested on suspicion of being involved in the sale of some 1,700 pairs of footwear with purported trademark infringements.
Read more »
Analysis: Wealth taxes on inherited property, luxury cars are 'attractive' suggestions by MPs, but challenging, costly to enforceSINGAPORE — A tax on luxurious goods such as high-end cars and landed property as well as an inheritance duty on multi-million-dollar homes may seem like plausible ways to protect Singapore's meritocracy, but it can be challenging and even costly to implement and enforce such measures.
Read more »