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NewsTranscript
00:00 A 70 million peso worth of pecking luxury bags and leather goods were found in a warehouse in Valenzuela City.
00:07 John Consulta was there.
00:09 The search warrant was a bit late.
00:14 The NBI NCR entered this warehouse in Valenzuela City.
00:19 The head of the raiding team went straight to the Chinese head of the warehouse.
00:23 It was a trademark infringement.
00:25 It means counterfeit.
00:28 As the NBI entered the warehouse,
00:30 a large number of counterfeit luxury bags and leather goods were found in cabinets and tables.
00:36 There were also bags inside.
00:39 In total, 7,000 pieces of branded bags and leather goods were found,
00:45 worth 70 million pesos.
00:48 This is a big loss for our government because they are not paying the right taxes.
00:56 We will file a violation of Republic Act 8293 or the Intellectual Property Code of the Philippines.
01:02 All luxury goods were confiscated and destroyed if they are ordered by the court to not be returned to the market.
01:09 For GMA Integrated News, John Consulta, Naka-Tutok, 24 hours.
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01:29 [Music]