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Dumaguete City, PhilippinesMonday, August 5, 2013
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PRO-7 cops
monitoring fake money

The Regional Intelligence Division 7 is monitoring another counterfeiter operating in a northern barangay in Cebu City following the arrest of an alleged maker of fake Philippine and foreign currency.

Supt. Pablo Labra II, acting chief of RID 7, said this person, whom he did not identify, has the capacity to produce fake bills like Richard Uy.

Uy, 65, was arrested with P2-million worth of P1,000 and 100 US dollar bills in a buy-bust in Barangay Banilad last Monday night.

He said the other alleged counterfeiter also forges documents, such as diplomas.

“He is known in the area, but we’re still planning his arrest,” Labra told reporters.

He said the people who are involved in this type of illegal activity work to avoid detection.

Labra said there might be more fake money with the coming barangay and Sangguniang Kabataan elections on October 28.

He said fake money is used by some politicians to buy votes, particularly in mountain barangays.

Labra said authorities arrested Uy several times before. But he always got out of jail because the case is bailable.*PNA

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PRO-7 cops monitoring fake money