PNP warns vs. fake bills in the market

April 4, 2014 5:24 am 

MANILA, April 3 – The Philippine National Police- Criminal Investigation and Detection Group on Thursday cautioned the public against the proliferation of fake P200, P500 and P1,000 bills in the country, particularly in Metro Manila.

Supt. Alexander Tagum, chief of CIDG-Anti-Organized Crime Division, said that they confiscated P50,000 worth of fake bills from two suspects identified as Virgilio Bocabar and Violeta Bendijo during their operation in Taguig City.

He said the couple were selling a fake P500 bill for P150 in Metro Manila. Aside from the fake P500 bills, there were also fake P1,000 bills produced by the syndicate in the Visayas region.

Tagum said the fake money was released in the black market and even in malls in Metro Manila.

According to Tagum, the syndicate used sophisticated machine in producing fake money that could not be differentiated from the original one because the security seals were also copied.

Tagum said they already filed formal criminal complaint against the suspects. (PNA)



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