Superintendent Rene Ong, chief of the Criminal Investigation and Detection Unit (CIDU) of the regional police, identified the arrested suspects as Noel Maglalang, 45; Liberato de Leon Gonzales, 37; and Alvin Angeles.
A fourth suspect, a certain Erdie Peña, eluded arrest, Ong said.
The arresting team recovered P125,000 and a caliber .38 revolver from Angeles residence, P246,000 from Gonzales and several bullets from Maglalangs in separate raids last Friday night.
The recovered cash was part of the loot the group had taken from businesswoman Cristina Perez. Ric Sapnu