Home News Robbers in police camouflage take at least P21 million from Tuguegarao bank

Robbers in police camouflage take at least P21 million from Tuguegarao bank

TUGUEGARAO CITY, Philippines- A major bank in this city was robbed of at least P21 million cash around 8 pm on Tuesday, July 31, roughly two months after another bank was robbed in May.

Metrobank’s main branch in Tuguegarao was ransacked by five suspects who wore a police green camouflage uniform, the Philippine National Police (PNP) said.

Investigations showed one of the suspects alighted from a white van and declared an inspection to a security guard identified as certain Mark Gunnacao, 23, at the bank’s Cash Management Services Unit (CMSU).

Gunnacao immediately informed his chief security officer Angelo Liban, 25, who then unlocked and opened the accordion door of the CMSU.

Police reports said Liban was handed with a tickler from the “police,” and was instructed to “write down their names.”

After opening the door, Liban reportedly turned around, and thereafter, the suspect pulled his long firearms towards Liban and other security guards. The four other suspects then rushed in and tied up the guards using a tire wire.

The report added the suspects then went upstairs where the employees were sorting cash before it’s placed to the vault’s safety.

The suspects reportedly told the employees to lie down as they took the cash placed on the table.

Police investigators recovered a tear gas grenade and a 5.56 caliber live ammunition which was intentionally left by the suspects in the sorting room.

Three security guards, 9 employees of CMSU, 7 cellular phones, 2 sacks, 3 shotgun, and one .38 caliber pistol with (4) live ammunition were brought to for further investigation and proper disposition.

This is the second successful bank robbery in the city since 2018. In May, robbers also took millions worth of jewelries and luxury watches from the deposit boxes in the EastWest bank.

Depositors victimized by robbery accused the bank of an inside job.


Editor’s Note: This story was updated to reflect the latest updates. Our earlier story said the robbers took P35 million, based from a source, but the bank management later claimed it was P21.4 million. Upon discussion, we followed the figures released by the bank.

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