PNP spokesperson Jean Fajardo says the\u00a0cash remains “intact”.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- The Philippine National Police (PNP) spokesperson Jean Fajardo has said that PHP300m (US$5.1m) in cash seized during raids carried out against offshore gaming operators in Las Pi\u00f1as City and Pampanga remains secure. Reports had claimed that the money was missing.<\/p>\n\n\n\n
\u201cThere is no truth to the malicious reports that the money is missing. These are considered fruits of crime so the case is pending and the PNP would comply with a competent court as to the proper disposal of these seized evidence,” Fajardo said.<\/p>\n\n\n\n
“If the court would say that these should be turned over to the Department of Justice, the PNP is more than willing to turn over these. If the court would issue orders to return the money, then the PNP will comply,\u201d Fajardo told reporters when sought for a comment.<\/p>\n\n\n\n
Fajardo suggested false information was intended to create confusion about the raid in Malate, Manila, last month. \u201cThe money is intact. It just so happened there are efforts to muddle the issue of our legitimate operation against Vertex Technologies,\u201d she added.<\/p>\n\n\n\n
According to the PNP, PHP187.82m (US$3.19m) was seized during an operation at the Clark Freeport offshore gaming operator hub<\/a> in May, while PHP117.18m (US$1.92m) was seized during an operation at an offshore gaming operator hub in Las Pi\u00f1as City<\/a> in July.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" PNP spokesperson Jean Fajardo says the\u00a0cash remains “intact”.<\/p>\n","protected":false},"author":176,"featured_media":777018832,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine National Police (PNP) has confirmed that PHP300m (US$5.1m) in cash, seized during raids on offshore gaming operators in Las Pi\u00f1as City and Pampanga, remains intact, refuting claims of missing funds. The PNP awaits court orders for the proper disposition of these assets, which are considered \"fruits of crime.\" This clarification addresses reports suggesting the money was missing, emphasizing the integrity of the seized evidence.","focusai_entities":"Philippine National Police, PNP, Jean Fajardo, Department of Justice, Vertex Technologies","focusai_location":"Philippines, Las Pi\u00f1as City, Pampanga, Clark Freeport, Malate, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Court Order Impact","query":"What specific legal precedents or judicial interpretations will govern the final disposition of these seized funds, and what is the anticipated timeline for a court order?"},{"label":"Regulatory Enforcement Efficacy","query":"How does the PNP's confirmation of intact funds impact the perception of regulatory enforcement efficacy and transparency within the Philippine iGaming sector, particularly concerning asset management post-seizure?"}],"footnotes":""},"categories":[439,16333],"tags":[4138],"class_list":["post-777020653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-east-asia-news","tag-online-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777020653"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020653\/revisions"}],"predecessor-version":[{"id":777020672,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020653\/revisions\/777020672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777018832"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}