MANILA, Philippines - A Chinese-Filipino businessman was shot dead in broad daylight in San Juan City on Monday.
Police said that a lone gunman shot dead Kelvin Tan, owner of construction company KT builders, at the corner of Ortigas Avenue and Madison Street in Greenhills.
San Juan City police chief Superintendent Bernard Tambuan said that Tan died from seven gunshot wounds.
Tambuan said that based on initial investigations, Tan withdrew P800,000 from China Bank and handed the money to his friend's bodyguard on board a Starex van.
Tan had just boarded his parked vehicle in the area when the lone gunmen approached and shot him several times.
According to witnesses and based on a footage of a CCTV camera installed at the area, the shooter was wearing a violet long-sleeved shirt. After shooting the victim, the gunman casually crossed ortigas Avenue and walked to a waiting motorcycle driven by another person.
Tambuan, meanwhile, said that police investigators are looking at business rivalry as the possible motive behind the shooting.
He said that crime scene investigators found the victim's personal belongings intact.
The shooting followed the daring heist at nearby SM Megamall in Mandaluyong City on Saturday night.
Three gunmen hit a jewelry store on the upper ground floor of the mall, which was then packed by customers.
The gunmen, whose faces were caught by the mall's surveillance cameras, escaped with the loot.
The incidents happened even as the police is implementing the Commission on Elections' gun ban nationwide.