P23 M seized from firm tagged in investment scam
MANILA, Philippines — More than P23 million in cash was seized on Wednesday from a firm alleged to be involved in an investment scam in Agusan del Norte.
The money, log books and documents were recovered from the alleged safehouse of FRX Rice Trading in Nasipit town at around 7:30 p.m.
Prior to the raid on the safehouse, a pickup owned by the trading firm collided with a motorcycle driven by a barangay official along the highway in Buenavista town.
“It turned out the pickup was heading toward the safehouse to pick up the money... We suspected the owner or owners of the money are planning to escape,” Lt. Col. Cholijun Caduyac, police Criminal Investigation and Detection Group (CIDG)-Caraga chief, said.
Dimber Celiz, said to be the manager of the trading firm, managed to escape in another vehicle. She is facing charges for syndicated estafa and violation of Republic Act 8799 or the Securities Regulation Code.
The CIDG said the raid was in line with President Duterte’s order to close companies tagged in investment scams.
Caduyac said around 60 persons went to the CIDG office earlier this week to file complaints against FRX. – Ben Serrano
- Latest
- Trending
