MANILA, Philippines – Police are investigating the source of fake P500 bills amounting to P150,000 that were surrendered to authorities in Negros Occidental on Tuesday.
The Philippine National Police (PNP) suspects that the counterfeit bills will be used to manipulate the upcoming May elections.
According to Negros Occidental Police Provincial Office (NOPPO) OIC Director Sr. Supt. Ricardo dela Paz, a concerned citizen who refused to be identified turned over the bills to police.
The informant said the fake cash was just part of P3 million worth of fake bills brought into the province.
The Bangko Sentral ng Pilipinas confirmed that the P500 bills in police custody are indeed counterfeit.
Police, however, have yet to determine the source of the bills and if the claims of the informant are accurate. -- Report from Yasmin Dormido, ABS-CBN News Negros