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Bacolod City, PhilippinesFriday, May 3, 2013
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Biz sector to meet
over fake currency

Businessmen, hoteliers and restaurant owners are set to meet today to discuss the alleged proliferation of fake P500 bills in Bacolod City and other areas in Negros Occidental.

On Tuesday, a concerned citizen surrendered P150,000 worth of fake P500 bills to Negros Occidental Provincial Police Officer-in charge ,Senior Supt. Ricardo de la Paz who said they received reports that about P3 million in fake P500 bills are circulating in Negros Occidental, especially in Bacolod City.

Bobby Ortega, president of the Hotels and Restaurants Association of Negros Occidental, said they have cautioned their members against the counterfeit money.

He said that small restaurants and pension houses without scanner machines to determine fake bills will most probably be the ones victimized.

Ben Ortega, president of the Bacolod Filipino-Chinese Chamber of Commerce and Industry, said the police never informed them of the alleged proliferation of the fake bills and they only learned about it through the media.

Ortega said the police should meet them immediately if there are cases like this so they could also warn their members.

He also said the police should be accurate in releasing information to avoid chaos, citing the incident where the BCPO announced the absence of the Ozamis-Dipolog robbery group in Bacolod only to learn that the gang staged a robbery at a pawnshop a few days later.

FBCCI and HRANO are asking both the Bacolod City and Negros Occidental Provincial Police Office to determine the source of the fake money.*APN

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