A South Korean man was arrested by Bureau of Immigration (BI) agents due to his involvement in a million-dollar scam involving financial institutions through fraudulent loans.

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(Photo from Immigration Bureau)

The 56-year-old Korean, whose name was not revealed due to security issues, was arrested at the BI office in Intramuros, Manila on September 12, 2024.

Upon handing over his passport to the BI regulation division for processing, BI personnel found on their computer an active warrant of arrest issued by the Seoul Jungang District Prosecutor's Office in 2021 for economic crimes, a breach of South Korean law.

He had an Interpol Red Notice due to the submitted loan applications where he had embezzled the borrowed funds.

He was immediately arrested by the BI's fugitive search unit. The suspect was swiftly transferred to the BI detention facility in Camp Bagong Diwa, Taguig City while awaiting his deportation process.