Customs seizes P50-M worth of allegedly overpriced medical supplies

ABS-CBN News

Posted at May 31 2020 01:12 AM | Updated as of May 31 2020 01:13 AM

The BoC, together with the Philippine Coast Guard and the National Bureau of Investigation, conducted the raid at warehouses in San Juan and Malabon, allegedly housing overpriced medical supplies. Handout

The Bureau of Customs seized P50 million worth of medical supplies and equipment at warehouses in San Juan and Malabon, the agency said on Saturday.

The warehouses were owned by a company tagged in a Senate inquiry for selling overpriced automatic extraction machines. 

The BoC, together with the Philippine Coast Guard and the National Bureau of Investigation, conducted the raid at the warehouses, where items such as high-pressure stream sterilizer, blood bags, books, and real-time quantitative thermal cycler were confiscated.

Previously, the BOC raided a warehouse selling overpriced medical supplies in Binondo and Malate, Manila. 

The raid yielded some P5 million worth of PPE, medical supplies and medicines.

Under RA Act 7581 (The Price Act) and RA 11469 or (The Bayanihan to Heal As One Act), profiteering or earning large and unfair profits, during the current pandemic is punishable by law.