Metro Manila (CNN Philippines, November 26) — Four armed men, who introduced themselves as National Bureau of Investigation (NBI) agents, robbed a pawnshop in Cebu City on Saturday morning, authorities reported.
The Cebu City Police Office said it was still determining the amount of jewelry stolen during the daring heist.
In a statement on Sunday, the NBI Central Visayas denied the involvement of its agents in the robbery and promised to conduct its own probe into the incident.
In a CCTV footage, one suspect can be seen pointing a firearm at a security guard while two others ransacked the store. Another suspect acted as a lookout near the entrance.
Two of the suspects were seen carrying high-caliber firearms, including M4 and M16 rifles, authorities said.
The police said the suspects fled the scene on motorcycles.
Cebu-based correspondent Dale Israel contributed to this story.
