By Ferdinand Patinio
MANILA – Two South Korean nationals wanted by international authorities for involvement in multi-million-dollar investment scams were arrested in Parañaque City last week, the Bureau of Immigration (BI) reported on Monday.
In a statement, Commissioner Joel Anthony Viado identified the two as 58-year-old Kim Young Sam and 59-year-old Weon Cheolyong. They were arrested inside Kim’s residence in BF Homes village on April 22.
Kim, according to Viado, will be deported immediately as he was already ordered expelled by the BI Board of Commissioners in December 2021 for being an undesirable alien and the subject of a red notice issued by the International Criminal Police Organization (Interpol) in 2018.
Authorities alleged that as manager of a Seoul-based company, Kim and his accomplices engaged in fraudulent operations by soliciting investments for the development of a cryptocurrency business that has victimized 253 individuals.
As for Weon, the initial investigation revealed that he is an overstaying alien and a fugitive wanted in South Korea also for investment fraud.
Both suspects will remain at the BI custodial facility inside Camp Bagong Diwa, Taguig City until their deportation. (PNA)
