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Quezon City Mansion, P150 Million in Coins and Luxury Automobiles were Discovered

THE PHILIPPINES — MANILA, Philippines — Hundreds of bags of coins and five expensive automobiles were discovered yesterday inside a residence in Quezon City's Barangay Laging Handa.

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February 7, 2022
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Quezon City Mansion, P150 Million in Coins and Luxury Automobiles were Discovered
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The Anti-Organized and Transnational Crime Division of the National Bureau of Investigation (NBI) and the Bureau of Customs (BOC) searched the property and seized coins worth P50 million and luxury automobiles worth P100 million.

According to the NBI, the raid was the conclusion of two months of observation.

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 Quezon City Mansion, P150 Million in Coins and Luxury Automobiles were Discovered
Image Source: bureauofcustomes

There were allegedly 11 expensive automobiles parked at the property during the observation, all without licence plates or conduction stickers, according to operatives.

The coins may have been used for unlawful gaming and money laundering, according to law enforcement. The residence was padlocked and the owners, who were not identified, were given 15 days to show that their possession of the coins and automobiles was not unlawful.

Meanwhile, on Wednesday, the Bureau of Customs (BOC) seized P4.75 million in agricultural items smuggled into the nation and sold in two warehouses in Tondo, Manila.

 Quezon City Mansion, P150 Million in Coins and Luxury Automobiles were Discovered
Image Source: pna.gov.ph

The BOC’s Intelligence Group and the Manila International Container Port discovered P4 million worth of red and yellow onions, carrots, ginger, garlic, and broccoli at a warehouse on Carmen Planas street, according to Deputy Commissioner for Intelligence Raniel Ramiro.

The BOC also confiscated red onions and garlic with a street value of P750,000 from a warehouse on Bilbao street in another operation.

Tags: Luxury AutomobilesP150 Million in CoinsPHILIPPINESQuezon City Mansion
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