Japanese caught with ¥53-M in NAIA

Posted at 02/19/14 12:01 PM

MANILA – A Japanese mam was caught with undeclared cash amounting to ¥53 million at the Ninoy Aquino International Airport (NAIA) Terminal 1 on Tuesday.

Yoshiaki Takahashi, who arrived in NAIA on Tuesday via a Japan Airlines flight, allegedly tried to prevent Bureau of Customs examiner Niña Beltran from inspecting his luggage, which contained bundles of cash totaling ¥53 million (P23,173,081 in current exchange rates).

Upon inspection, the bundles of cash were found wrapped in a paper bag and placed below several food items.

Willie Tolentino, BOC Enforcement and Security Service director, said by not declaring the cash, Takahashi violated the Bangko Sentral ng Pilipinas Circular No. 308 which states that "any person who brings into or out of the Philippines foreign currency in excess of US$10,000 or its equivalent is required to declare the same in writing and to furnish information on the source and purpose of the transport of such currency."

Takahashi said it was not his first time in the Philippines, and he intends to use the money to set up a business and buy a car and condominium unit.

A case of violating the Republic Act 7653 (The New Central Bank Act) is set to be filed against Takahashi before the Pasay City Prosecutor's Office. - report from Dennis Datu, dzMM