ILIGAN City — Two men were arrested and about 540.8 grams of suspected shabu were seized in a buy-bust operation in Barangay Tomas Cabili, Iligan City, on October 13, authorities said.

The Philippine Drug Enforcement Agency (PDEA) Region 10–Lanao del Norte Provincial Office, together with other PDEA units and Iligan City Police Station 2, conducted the operation at Purok 6, Palm Court, at around 2 p.m.

Authorities placed the seized drugs' standard drug price at ₱3,677,440, although their estimated street value was reported at ₱1 million.

The suspects, aged 34 and 33, are residents of San Miguel and Purok 7, Danao Circle, both in Iligan City.

Operatives also seized a black sling bag, two smartphones, a .38-caliber pistol, three rounds of ammunition, a motorcycle key and a genuine ₱1,000 bill allegedly used as buy-bust money placed on top of boodle money.

One of the suspects sustained a gunshot wound to his right leg during the operation and was taken to a city hospital for treatment, Police Capt. Vladimir C. Tenorio, officer-in-charge of Iligan City Police Station 2, said.

The inventory of the seized evidence was completed at 3:05 p.m. in the presence of law enforcement personnel, media representatives, an elected official and a Department of Justice representative, among others.

The two men remain in the custody of the PDEA Region 10–Lanao del Norte Provincial Office.

Authorities have yet to provide further details on the charges to be filed against the suspects.