Largest counterfeit ink products including fake hologram stickers seizure worth Ph?2.5M in City of Manila [Yahoo! Finance]
SEIKO EPSON CORP UNSP/ADR (SEKEY)
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Source: Yahoo! Finance
SINGAPORE June 6, 2024 /PRNewswire/ -- On 3 May 2024 , National Bureau of Investigation (NBI) operatives, armed with search warrants, successfully conducted multiple raids in Tondo district, City of Manila , and uncovered counterfeit ink products on sale. During the operation, the NBI seized over 8,000 pieces of counterfeit ink products alongside 4,000 pieces of counterfeit packaging boxes and 6,300 hologram labels. The estimated market value of the seized items are Ph?2.5 million (approximately US$44,000 ). This is the largest seizure of Epson counterfeit ink since 2022. The raids were conducted against 2 ink suppliers. Apart from their offices, their stock rooms were also raided. Based on investigations conducted, these sellers are active in online sales through social media platforms as well as e-commerce platforms. They also supply regularly to various clients in Manila . Counterfeit ink products are suspected to be purchased from unauthorized and dubious sources overseas. Fa
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