FOR alleged involvement in large-scale fraud amounting to over ₱400 million, operatives from the Bureau of Immigration-Fugitive Search Unit (BI-FSU) headed by Rendel Ryan Sy arrested a Korean national wanted in South Korea during an operation in Pasay City.
The fugitive was identified by Sy as Nam Sungjin, 53, who was taken into custody by the BI-FSU at around 8 a.m. following close coordination with the Supreme Prosecutors’ Office of the Republic of Korea and the Philippine Air Force.
Sy said Nam is the subject of an arrest warrant issued by the Changwon District Court, Miryang Branch in South Korea in 2024 for violating Article 347-(1) of the Korean Criminal Act, which covers fraud.
“Foreign fugitives attempting to use the Philippines as a safe haven will be located and deported,” the BI said in a statement.
According to Sy, an official report from Korean authorities stated that Nam allegedly posed as a legitimate businessman operating enterprises in both Korea and the Philippines and based on the deception, a victim reportedly transferred more than ₱400 million to his bank account in 2022 as a financial investment.
The suspect allegedly used the funds to pay off personal debts instead of investing them.
Nam will be committed to the Bureau’s Warden Facility in Taguig City following standard booking and documentation procedures, after which deportation proceedings will be instituted against him.
