Three armed men robbed Hannah's Pawnshop and Jewelry in Davao City of jewelry worth P40 million on Wednesday morning.
The suspects escaped on a motorcycle but were pursued by the police.
One suspect, Jonny Bulawan, was apprehended after their getaway motorcycle broke down, and he was found with an M-16 rifle, a 9mm pistol, bullets, the motorcycle, and some of the stolen jewelry.
The Davao City Police Office is offering a P500,000 reward for information leading to the arrest of the five other suspects involved in the robbery.
Police officials commended the swift action that led to the arrest of one suspect and the recovery of P15,136,490 worth of stolen items.
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