Chandra Ahmadyani, 36, allegedly gave the money to a bank employee at Hong Lim housing complex on Dec. 23, requesting that it be deposited into his bank account, according to the Straits Times.
The counter staff, suspecting that it was fake, reported the issue to the manager. Chandra was arrested soon after.
The investigators said that there are reasons to believe that he was aware that the money was fake.
Chandra was offered bail of SGD20,000 and told the court that he plans to plead guilty. The case is scheduled for a hearing on March 6.