Korean arrested for estafa

CEBU, Philippines – A Korean national was arrested Sunday morning by virtue of a warrant of arrest issued by the Regional Trial Court for the crime of estafa.

 The warrant of arrest was signed and issued by Hon. Judge Raphael Yrastorza Sr. of the RTC Branch 14 against Mr. Calvin Kwag, of legal age, a Korean national, but presently residing at #10 King Road, North Doña Rita Village, Cebu City.

When the police served the warrant at his house, Kwag was first reluctant to go with the arresting officers.

One of the victims of Kwag, Kim Yu Young, also a Korean national and operating a business in Cebu, said that on December 10 and 15, the accused issued him two checks worth P300,000 each as payment of the former’s debt to him.

Jasper Alfeche, CEO of The J Kaewhik Sangsa Corporation, friend and interpreter of Young, said when the latter tried to encash the checks, they found out that the account of Kwag is already closed.

Alfeche added that Kwag keeps on promising Young to pay him the amount but failed to do so.

Aside from the case filed by Young, it was later found out that Kwag has also several pending estafa cases filed by other Korean nationals.

Kwag is now detained at the stockade of the Cebu City Police Office. The court has recommended a bail of P50,000 for his temporary liberty. — Johanna T. Natavio/WAB (THE FREEMAN)