The Bureau of Immigration (BI) announced the arrest of two South Korean nationals wanted by Interpol and authorities in Seoul for their involvement in multi-million dollar investment scams.
Immigration Commissioner Joel Anthony Viado identified one of the wanted fugitives as Kim Young Sam, 58, who was arrested by operatives of the Fugitive Search Unit on April 22 at his house in BF Homes Village in Parañaque. During the operation, authorities discovered another Korean fugitive, Weon Cheolyong, 59, who is also not immune to investment fraud charges.
According to Viado, Kim was deported immediately because in December 2021 he was deported by the BI Board of Commissioners as an “undesirable alien.” Kim is also the subject of an Interpol red notice issued in 2018 after he was issued a arrest warrant by the Seoul Central District Court for raising money for a business without a government permit. Since 2015, it has been reported that more than 3 billion pesos have been collected from 253 victims.
Meanwhile, Weon is an overstaying alien and is also wanted in Korea due to several cases of investment fraud that caused losses of more than 17 million pesos from 14 victims. The two foreigners will remain at the BI's custodial facility in Camp Bagong Diwa, Taguig, while awaiting their deportation.
