A man arrested in attempting to sell fake dollars and is currently jailed at the mini-cell of NBI and will be charged with Illegal Possession and Use of False Treasury or Bank Notes and other Instruments, and it happened to be an undercover NBI agent to whom the suspect is supposed to sell the bills. The suspect is said to be a resident of Balongis, Barangay Balulang, Cagayan de Oro City, a 59 years old man named Pedrito Tabalon.
Confiscated from him were 454 overall pieces of dollar bills consisting of US$5,000, US$500, US$100, US$20, US$10, US$2, and US$1. The fake dollars were estimated to be worth P20 million.
National Bureau of Investigation (NBI) regional director, Angelito Magno said that they actually received information last week that there will be a big syndicate to arrive in the city. Magno also stated that the suspect was put under surveillance for a week.
NBI operatives head, Wenceslao Galendez believes that it is a big group, a big syndicate but for now it is just him (referring to the suspect) that was nabbed. He also says that there will be upcoming operations for that.
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