A man allegedly proliferating fake money was arrested in Brgy. Alijis, Bacolod City, yesterday and 88 pieces of P1,000 bills and 28 P500 bills believed to be counterfeit were seized from him by members of the Criminal Investigation and Detection Group and station 7 policemen.
Station 7 commander, Chief Insp. Levy Pangue, identified the suspect as Joseph Villaluna, 51, of Brgy. Mina in Sipalay. City, Negros Occidental, and a temporary resident of Regent Pearl Homes, Brgy. Alijis.
Villaluna was arrested in a buy-bust operation at about 2:30 p.m. when he handed two suspected fake P1000 bills and two P500 bills also suspected to be fake to a police poseur-buyer in exchange for P1,000, a police report showed.
Senior Police Officer 1 Erlan Nabarte of the CIDG, one of the apprehending officers, told the DAILY STAR they had received information a week ago that Villaluna was selling fake “money”.
Nabarte said CIDG-Bacolod head Chief Insp. Fernando Salvatierra ordered them to verify the information and they were able to purchase several pieces of alleged fake money. This prompted them to launch the buy-bust operation that led to the arrest.
Villaluna, who is now detained at the CIDG-Bacolod, refused to give statements regarding his arrest.
Nabarte said their initial investigation showed that Villaluna and his companions are believed to also have used fake money for betting in a fighting cock derby in Cadiz City during the Dinagsa Festival last week.
He added that, aside from Villaluna, they are tracking down his companions, who are in different places of Negros Occidental.
Nabarte said they already know where Villaluna got his fake money but refused to give details in order not to hamper their investigation.
Charges for violation of Article 166 of the Revised Penal Code will be filed against Villaluna.*APN