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Friday, March 9, 2007

 

Authorities warn of fake 
peso bills now in circulation 

 
SAN FERNANDO CITY, La Union: The Criminal Investigation and Detection Group (CIDG) regional office in Ilocos discovered fake P500 bills circulating in Baguio City and the rest of the region.

CIDG chief Senior Supt. Marvin Bolabola disclosed during the meeting of the Regional Law Enforcement Coordinating Council (RLECC) in San Fernando City that counterfeit P500 notes were discovered in a cockpit in Pangasinan and during the Panagbenga Festival in Baguio City.

Bolabola, along with RLECC chairman and Ilocos police director, Chief Supt. Leopoldo Bataoil, said that there is a possibility that the fake bills are already being used in buying votes because they have received complaints of vote buying in La Union.

“We are warning the public to be aware on this fake bills because they might be use to buy votes,” Bataoil said.

Ernesto Corpuz, an officer of the Banko Sentral ng Pilipinas regional office here, confirmed the proliferation of fake P500 bills in Baguio and Ilocos region and that they already traced the markings that showed the counterfeit notes.

 Corpuz showed several fake notes that carried the distinguished words “Faith in God and faith in our people,” which is located below the Philippine flag and above the signature of President Arroyo.

 “The wordings of a genuine P500 note should be “Faith in our people and faith in God.” “Faith in our people” should be first before “faith in God.” It came out around November or December last year. While the year 2004 appears on the bills, apparently the bills were released only recently.

BSP director Primo Quitulio said that he already reported the matter to their head office in Manila.

Meanwhile, in Iloilo City, fake peso bills were confiscated from a jobless man who was arrested for vagrancy on Bonifacio Drive here early morning Wednesday.

Joval Villanueva, 45, of Barangay Simon Ledesma, Jaro district, was immediately detained at the lock-up cell of Police Precinct 1 (PP1).

Senior Supt. Wesley Barayuga, Iloilo City Police Office (ICPO) director, said operatives of the ICPO Intelligence Unit found Villanueva in possession of 43 pieces of fake peso bills in the following denominations: P1,000, P500 and P200.

Barayuga said they received an information that these fake money bills are being sold at lower prices—the fake P1,000 bill at P500; fake P500 at P250; and fake P200 at P140.

The fake money seized had similar serial numbers. The fake P1,000 had a serial number of EZ690900; P500, FQ490588; and P200, AE396376.

“We received information that the fake money came from Cebu City,” Barayuga said. In Manila, the National Bureau of Investigation (NBI) warned the public against the proliferation of fake money in the provinces during the election season.

Elfren Meneses, chief of the NBI’s Antifraud and Computer Crimes Division, said fake money usually proliferates during the election season because candidates are bound to spend more on voters and their propaganda.

He said some of the fake bills allegedly came from candidates who usually give away money while campaigning in the provinces. He, however, said that the candidates themselves might not be aware that they were distributing counterfeit bills.

Only in February, three persons were arrested in Balasan town in northern Iloilo for fake money. They were Mario Flores of Jereos Street, La Paz, Iloilo City; Noraida Nunagan of Majarlica compound, Taguig, Metro, Manila; and Asia Lumabon of Cubao, Quezon City.

The suspects were arrested inside the public market. Recovered from the suspects were 56 pieces of fake P200 bills and P3,000 cash.
--Eusebio Aguinaldo and Panay News

   
 

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Severino O. Frayna Jr., Benjie Dela Rosa
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