KUALA LUMPUR - Fake money syndicates are getting so advanced in producing counterfeit cash that some of the imitation ones look almost exactly like the genuine notes to the naked eye.
Dang Wangi police chief Asst Comm Zainol Samah said police crippled a syndicate which was masterminded by a 47-year-old Indonesian man.
Five suspects, including the foreigner's two accomplices who acted as middlemen, were involved in a business dealing when they were arrested at about 7pm last Saturday along Lorong Haji Hussein in Chow Kit.
It is learnt that the illicit items, which are sold at least 50 per cent cheaper than the actual worth of the note, were produced and flown in from Indonesia by the mastermind.
ACP Zainol said upon inspection the police found that the notes had watermarks that were similar to the real ones.
"The counterfeit cash smelled like the real thing and they are at least 99 per cent identical to the genuine ones.
"These syndicates are getting more advanced at producing super identical notes that it is hard to tell them apart," he said yesterday.
Checks by police found that the foreigner had entered Malaysia on June 17 and held a valid social pass.
"We know that he has entered Malaysia at least 17 times since 2012," he added.
ACP Zainol said it is uncertain how long the syndicate had been operating in Malaysia.
A total of 1,326 pieces of "super notes" were also seized.