Thief carts away Php 430K from lending shop in Malaybalay

A lone thief has carted away a total of Php 430,160.00 cash from Lil’s Lending Shop located at Carbajal St., Talatala Building, Malaybalay City on May 10, a police report said. Malaybalay City Police Lt. Col. Jerry A. Tambis said the incident occurred at 12:05 PM.

Initial investigation disclosed that a still unidentified male suspect wearing a dirty white jacket, blue maong pants, and light color shoes entered the said lending shop and approached the male loan officer.

The suspect then drew from his jacket an unidentified long firearm and pointed at the loan officer while declaring a hold up. The suspect ordered the three employees of Lil’s Lending Shop to drop and handed over an eco-bag to the manager while demanding to place the money inside.

The suspect immediately took the eco-bag and hurriedly fled on board his driven single XRM125 color gray/black towards Capitol grounds.


According to authorities, the suspect gained opportunity since the lending shop was about to close and there was no other client inside. Moreover, the said establishment has no installed CCTV camera and has no security guard on duty.

Police Col. Jun Mark J. Lagare, the acting Provincial Police Director, has ordered the chief of police of Malaybalay to conduct a thorough investigation of the incident and the possible identification of the culprit. (Report by Bukidnon Online Special Correspondent Mel B. Madera)

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