PNP denies PHP300M seized from POGOs has gone missing
The Philippine National Police (PNP) on Monday denied reports that over PHP300 million in cash seized during two operations related to Philippine Offshore Gaming Operators (POGOs) has gone missing.
Brigadier General Jean Fajardo, the PNP spokesperson, assured reporters at Camp Crame that the money remains secure and is under police custody and heavily guarded.
The amount includes PHP187.82 million from Clark Sun Valley Hub Corporation in Pampanga seized in May last year and PHP117.18 million from Xinchuang Network Technology Inc., formerly known as Hong Tai, in Las Piñas City seized in July.
Fajardo addressed misinformation regarding the recent raid by the Anti-Cybercrime Group and National Capital Region Police Office at Vertex Technology's facility in Century Peak Tower on October 29.
The PNP stated they are prepared to present the seized money and comply with any court orders, emphasizing that there is no truth to reports of missing funds.
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