15 April 2010

BI agents collar Korean for duping fellow countrymen of millions of pesos

Immigration authorities arrested a South Korean for defrauding 14 Korean businessmen of millions of pesos in fake land and condominium titles in Subic Freeport, Zambales.

Kim Tae Wan was arrested near the Macapagal International Airport in Pampanga by immigration agents based on a warrant of arrest issued by Immigration Commissioner Marcelino Libanan.

The suspect gave himself up to Immigration intelligence agents Irene Bello and Rommel Linatok without a fight and readily submitted himself for an investigation.

According to BI executive director Eric Buhain, Kim managed to convinced Ji Hyun Byeon and 13 others to buy land and condominium properties inside Subic Bay Free Port zone.

Kim represented himself as the owner of Subic Daesung Corporation that also operates the Subic International Hotel inside the Free Port.

But Kim turned out to have subleased the condominium and pocketed the money paid by the 14 Koreans instead of turning the payment to the Daesung Corp.

Kim is now detained at the BI detention cell in Bicutan and will be deported soon. He was also included in the bureau’s blacklist for being an undesirable alien. (Conrado Ching, Daily Tribune)