SC upholds imprisonment of man with counterfeit cash in Bukidnon | ABS-CBN

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SC upholds imprisonment of man with counterfeit cash in Bukidnon

SC upholds imprisonment of man with counterfeit cash in Bukidnon

ABS-CBN News

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P1000 banknotes. ABS-CBN News file photo


MANILA - The Supreme Court's second division denied the petition by a certain Allan Gacasan in Bukidnon which challenged the ruling of the Court of Appeals (CA) and the Regional Trial Court (RTC), convicting Gacasan for possessing fake P1,000 bills and fake P500 bills. 

Gacasan was arrested in Bukidnon after selling fake bank notes to a CIDG agent in a buy-bust operation on November 10, 2018.

Gacasan was caught in possession of 100 pieces of fake P1,000 bills and 25 pieces of fake P500 bills, which authorities said were counterfeit. 

Citing BSP data, Supreme Court said the central bank has conducted 129 anti-counterfeiting operations with law enforcement agencies, and arrested 212 suspects involved in counterfeiting dollars. 

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