Two foreign nationals and a Filipino man have been arrested in Manila for possessing counterfeit US dollar bills amounting to almost $300,000.

On Thursday, Pasay City Police arrested Fernando Silanga, Tiange Wu, a Chinese national, and Song Ho Sang, a Korean national. The three were arrested at Resorts World Manila after attempting to pass off fake bills, Manila Bulletin reported.

One other suspect, identified as James Park, a Korean, is at large. According to Silanga, Park fled the scene when he found out the three were being arrested. Park allegedly provided the fake bills to the three men who were arrested.

Silanga claimed that he had no idea that the bills were fake, adding that he was only asked to hold the bag which contained the cash. When police examined the contents of the bag, they recovered 25 bundles of fake $100 bills.

The suspects are being detained at the Pasay Police Station and face charges of fraud and violating Article 168 of the Revised Penal Code, or the Illegal Possession and Use of False Treasury and banknotes and other instruments in credit.

The Pasay City Police have already contacted the US Embassy regarding the incident.