cdn mobile

Man allegedly distributing fake peso bills nabbed in Pasil, Cebu City 

By: Paul Lauro - CDN Digital | June 06,2023 - 02:09 PM

CEBU CITY, Philippines – A middle-aged man from Lapu-Lapu City, Cebu landed in jail as he is accused of distributing fake Philippine Peso bills here. 

The Criminal Investigation and Detection Group in Central Visayas (CIDG-7) and the Regional Intelligence Unit (RIU-7) confirmed arresting Mario Pazon in an entrapment operation in Sitio Mahayahay, Brgy. Pasil, Cebu City last Monday, June 5, 2023.

Pazon, 50, was allegedly distributing and using counterfeit Philippine Currency Notes

Law enforcers seized over 70 pieces of P500 and P1,000 fake peso bills from the suspect.

According to the CIDG-7, they received a tip that Pazon had been distributing counterfeit money in Brgy. Pasil. 

This prompted them to conduct an entrapment operation around 5 p.m. last Monday, together with representatives from the Payments and Currency Investigation Group, Bangko Sentral ng Pilipinas (PCIG-BSP).

Pazon will be facing cases on Article 168 of the Revised Penal Code (RPC), which is the Illegal Possession and Use of False Treasury or Bank Notes, in relation to Art. 166 paragraph 1 of the RPC. 

/bmjo

READ MORE:

VM Garcia files ordinance vs fake goods, illicit tobacco trade

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Read Next

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

TAGS: crime, fake bills, fake money, Pasil
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.