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P170-M 'fake' cap products bearing 'New Era,' '47' trademarks seized in Manila -- NBI

Philippines | National

P170-M 'fake' cap products bearing 'New Era,' '47' trademarks seized in Manila -- NBI

By Jeffrey Damicog

More than P170 million worth of alleged counterfeit cap products with trademarks “New Era” and “’47” have been seized in Manila by the National Bureau of Investigation (NBI).

In a statement, the NBI said the “fake” products were seized during the service of search warrants by the operatives of the NBI’s Fraud and Financial Crimes Division (NBI-FFCD) last Sept. 17.

“The implementation of the Search Warrants resulted in the seizure of 33,744 pieces of assorted products bearing 'New Era' trademark and 15,103 pieces of assorted products bearing the ‘47' trademark, with an estimated total value of P170,309,900,” the NBI also said.

It added that the owners of the businesses raided in Binondo and San Nicolas in Manila will be charged with violations of Section 155 in relation to Section 170 of Republic Act (RA) 8293, the Intellectual Property Code of the Philippines.

The NBI said complaints against the owners of 16 stalls in Binondo and San Nicolas were filed by “New Era” and “l47” trademark owners.

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