A Chinese man and two Chinese women wanted by authorities in their home country for involvement in economic crimes were arrested by the Bureau of Immigration-Fugitive Search Unit (BI-FSU).
In a statement, BI Commissioner Norman Tansingco identified the fugitive arrested in Brgy. Tambo in Paranaque as Cheung Wa, 56.
Tansingco said Cheung is wanted by the Public Security Bureau of Fuding City for involvement in economic crimes in China. He was said to have established several investment companies which defrauded more than 100 victims under the guise of a real estate company promising high interest rates. The scam cost its victims more than 40 Million RMB or approximately 326.5 M Pesos.
Also arrested on same date are Chau Mut Hing, 63, and Zhang Yi, 50. The duo were collared in an establishment in New Seaside Drive, Parañaque City.
BI FSU Chief Rendell Ryan Sy said that the three fugitives were immediately turned over to the BI’s facility in Bicutan, Taguig where they shall remain detained pending their deportation Tansingco said that the two are subject of arrest warrants issued last December by prosecutor’s offices in Yangzhou, Jiangsu province and Shanghai City, respectively.
They were accused of being members of a syndicate that engages in oil smuggling and production of counterfeit commodities.