Suspect in P2.7M Boracay money changer theft falls

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A suspect in the theft of P2.7 million from a money changer in world-famous Boracay Island last Aug. 7 was arrested on Friday, Aug. 9.

Police arrested Leandro Sarito, 24, at his boarding house in Sitio Hagdan in Barangay Yapak, Boracay Island before dawn Friday.

Sarito, who hails from Odiongan in Romblon, used to work for Golden Foreign Exchange Services Money Changer. Recovered from him was the bag stolen from the money changer shop.

But police said the amount recovered so far is short by P301,000.

Earlier, police investigators handling the theft found Sarito’s features matched the person who was caught on security cameras stealing the cash-laden backpack.

The suspect admitted stealing the cash. He claimed he managed to enter the padlocked store using a card and immediately took a bag containing around P2.5 million.

He also took P170,000 from the counter, a mobile phone, a bank passbook, and a check book.

When he reached his place, Sarito checked the bag and was surprised with the amount of money stashed inside. He planned to use the money to return to Romblon.

But he said his conscience drove him to call Nico Jun Caagbay, another employee of the money changing business, and admitted that the money was with him.

Caagbay, 26, who hails from San Jose del Monte, Bulacan, reported the incident around 1:00 p.m. of Aug. 7.

Closed circuit television (CCTV) footage caught Sarito as he was walking from the front beach.