SoKor fugitive held for money laundering
MANILA, Philippines — A South Korean woman who allegedly laundered millions of pesos through an investment fraud scheme was apprehended in Parañaque City on Saturday, the police Criminal Investigation and Detection Group (CIDG) reported yesterday.
Joint teams from the CIDG and the Bureau of Immigration (BI) arrested the suspect, known only as Kim, in Barangay Tambo.
CIDG director Maj. Gen. Robert Morico II said Kim was allegedly laundering money for an investment fraud ring in the Philippines.
According to Morico, the group created bogus investment websites wherein they collected over P1 billion won or P42 million in illicit revenues since 2020.
The suspect was turned over to the BI detention facility for documentation.
“With her arrest, we helped for the prosecution of the case and eventual service of justice,” Morico said in a statement.
He vowed to launch an intensified manhunt for other foreign fugitives.
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