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Fake U.S. federal notes seized in Philippines.

MANILA, July 10 Kyodo

Philippine government agents have seized 33 boxes containing a total of 8,250 fake U.S. federal notes bearing the denomination of

$500 million or $100 million, the National Bureau of Investigation (NBI) said Wednesday.

The NBI said in a report that the spurious notes were seized July 5 in a warehouse in Paranaque suburb of metropolitan Manila.

''Twenty-one boxes contain fake treasury notes in $500 million denominations and 12 boxes contain (notes in) $100 million denominations. Each box contains 250 notes,'' the NBI report said.

NBI agents are now hunting the alleged owners of the fake notes who were identified only as W. F. Gruble and Keith P. Leblanc.

Government agents had confiscated similar fake U.S. Treasury bills in the recent past, prompting the U.S. Embassy in Manila to warn that no such types of U.S. treasury bills legally exist anywhere in the world.
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Publication:Asian Economic News
Date:Jul 15, 2002
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