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National Business News

P8.5M worth of drugs seized, businessman arrested

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THE POLICE seized P8.5 million worth of illegal drugs on Wednesday in a posh hotel in Taguig City. The seizure led to the arrest of businessman Domingo Tanyao Uy Jr., 44, at his residence in Quezon City. Seized from Mr. Uy’s hotel room were six packs of ecstasy worth more than P6.86 million; 22 packs of cocaine worth P1.855 million; 103 grams of MOL worth P51,500; and cash worth P720,346. The suspect will face charges for violation of the “Comprehensive Dangerous Drugs Act of 2002.” — Vince Angelo C. Ferreras

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