March 16, 2009

NBI seized fake bills

The National Bureau of Investigation (NBI) on Thursday confiscated P1 million worth of fake bills in Pasay City that would have been part of a campaign fund for the 2010 polls.

Radio dzBB’s Carlo Mateo said NBI agents arrested two men – identified as Armando Baluyot Tiangson and Fulgencio Badabas – after being caught in possession of fake P1,000 and P500 bills in an establishment along F.B. Harrison Street.

The report quoted NBI director Nestor Mantaring as saying his agents had already seized the machines that the suspects used in churning out the counterfeit money.

Banko Sentral ng Pilipinas officials who came along with the NBI agents said the fake bills were "almost genuine." The bank officials however noted how the fake money had a slightly smoother paper than genuine bills.

Another radio report said the arrested suspects claimed they were commissioned by one Ben Zaldos to produce a total of P2 million in fake bills that would allegedly be used by an unnamed politician from the Visayas region

NBI later invited the politician for explanation but he vehemently denied that the allegation has basis and challenge the authorities to seek further investigation.

“It would be better if they name names because that is a very serious offense and it's for the best interest of everybody," according to the politician. ---excerpts from

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