NARDENCIO ESCUDERO

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                    [ArticleID] => 257076
                    [Title] => Iloilo raid yields P.4 M in fake bills
                    [Summary] => ILOILO CITY — Joint elements of the National Bureau of Investigation (NBI) and the Bangko Sentral ng Pilipinas (BSP) raided what is believed to be a "satellite factory" of a counterfeiting syndicate in Barotac Viejo, Iloilo last Thursday, seizing P425,600 in fake bills of different denominations.


Authorities said the NBI-BSP team, in coordination with the local police, swooped down on a house just 200 meters away from the residence of Iloilo Gov. Niel Tupas and caught the suspects in the act of printing fake peso bills using a computer.


                    [DatePublished] => 2004-07-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1459245
                    [AuthorName] => Leo Solinap
                    [SectionName] => Nation
                    [SectionUrl] => nation
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Iloilo raid yields P.4 M in fake bills

By Leo Solinap | July 11, 2004 - 12:00am

ILOILO CITY — Joint elements of the National Bureau of Investigation (NBI) and the Bangko Sentral ng Pilipinas (BSP) raided what is believed to be a "satellite factory" of a counterfeiting syndicate...

Nation