Filtered By: Money

Seller of cash envelopes that look like P1,000 bills nabbed

The National Bureau of Investigation (NBI) has arrested a seller of counterfeit P1,000 bills printed on cash envelopes.

In John Consulta's "24 Oras" report on Wednesday, the suspect was nabbed after delivering 150 money envelopes to an undercover NBI agent in General Mariano Alvarez, Cavite.

The fake bank notes were produced in the shape of a money envelope and looked almost identical to a P1,000 bill.

The suspect denied she was manufacturing fake money.

''Hindi naman po ako yung gumagawa nu'n. Nag-re-resell lang po ako. (I'm not the one making them. I'm just reselling them)," the suspect said.

Replication of Philippine currency notes is forbidden unless permitted by the Bangko Sentral ng Pilipinas, the report said.

Those who violate this regulation will be punished by five to 10 years in prison. — Consuelo Marquez/VBL, GMA News