Manila raids yield P500M in counterfeit goods
MANILA, Philippines – Operatives of the Inter-agency Committee on Intellectual Property Rights (NCIPR) seized over P500 million ($11.1 million*) in counterfeit and smuggled goods during raids conducted in various areas in Manila on Friday, October 3.
The raid, conducted on 8 warehouses in Tondo and Binondo, Manila, yielded assorted counterfeit clothes and apparel, smuggled batteries, fake perfumes, and 1,440 boxes with fake Maggi Sarap seasoning granules.
The warehouse owners were summoned to the Bureau of Customs, while a follow-up investigation and inventory of the seized goods are underway.
By law, counterfeit goods are subject to forfeiture and destruction by the government.
From January to September of 2014, the total value of counterfeit and pirated products seized by the NCIPR has amounted to P8 billion ($117.9 million). This was due to increased inter-agency coordination and ramped-up efforts to curb the entry of counterfeit goods.
The NCIPR includes the Bureau of Customs (BOC) the Intellectual Property Office, the National Bureau of Investigation (NBI) and the Philippine National Police Criminal Investigation and Detection Group (PNP CIDG). – Rappler.com
*$1 = P44.9