'$5 million' in fake dollar bills seized in Bacolod
BACOLOD CITY, Philippines – Police seized bundles of counterfeit American dollar bills and arrested two people in an entrapment operation at a mall on Monday afternoon, November 9.
The authorities identified the suspects – both from Murcia town, Negros Occidental – as Erwin Sicano, 31, of Hacienda Gloria, Barangay Santa Rosa, and Frelie Toledano, 31, of Purok Orchids, Barangay San Miguel.
Superintendent Levy Pangue, head of the Investigation and Detective Management Unit of the Bacolod City Police Office, said that the suspects handed some bundles of bogus bills to a police poseur-buyer in exchange for the P19,000 marked money at the Gaisano City Mall at around 1:30 pm.
They were selling each bundle for P5,000, he added.
When arrested, the suspects yielded 5 bundles of fake bills, each containing 100 pieces of $10,000 and one $100,000 – supposedly equivalent to $5 million, he said.
Before the entrapment, Pangue said they made contact with the suspects for a test buy on Friday, November 6. He said they bought the fake $100,000 bill for P500.
He said that the central bank verified the $100,000 bill and said it was counterfeit.
He said that the suspects are operating in Bacolod City and Murcia town, and are getting their supply from Dumaguete City, Negros Oriental, and San Carlos City, Negros Occidental.
The suspects, who are now in police custody, will be charged for possession of counterfeit bills.
The entrapment operation was conducted by joint elements of IDMU, Mobile Patrol Group, City Intelligence Unit, and Bacolod Police Station 8. – Rappler.com
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