Fake gold bars being sold in Davao City

The Davao City police has urged the public to be on the lookout for syndicates selling fake gold bars worth up to P400,000 each.

According to a report by RTV-One Mindanao's Real Sorroche on Thursday, the suspects have victimized a buyer in the Marilog district who made an initial payment of P70,000 for a gold bar .

The victim, who was from Camiguin, realized too late that he had been scammed.

"Ayon sa taga-Camiguin, ang sabi raw ng suspek, nagbebenta raw siya ng gold bar. Kaya binayaran niya muna ng P70,000 para makuha ang kalahati ng gold bar na may halagang P200,000," Police Chief Inspector Estrello Ramiso, chief of Marilog police, said on "Balita Pilipinas Ngayon."

Authorities suspect that the syndicates could be working with a man named Samuel Nogan who was arrested last January 24 for selling gold bars.

Marilog police urged the public to come forward with any information on the counterfeit sellers.

"Kapag may mga taong nagbebenta sa inyo katulad nito, ipaalam kaagad sa amin para maaksyonan," Ramiso said. —Margaret Claire Layug/ LDF, GMA News