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BI blacklists 335 'pseudo investors'

- by ReyArquiza -
February 27, 2000 | 12:00am

The Bureau of Immigration has blacklisted 335 foreigners whose investor visas have been revoked by the Bureau of Investments (BOI) for their failure to bring in capital as the visa privilege requires.

Immigration Commissioner Rufus Rodriguez said the "pseudo investors," mostly Taiwanese, mainland Chinese, Koreans and Indians, just used the investor visa as a convenient tool to stay indefinitely in the country.

"We have advised these aliens to leave the country voluntarily for trying to hoodwink the BOI into believing they were real investors," he said.

BOI

BUREAU

BUREAU OF IMMIGRATION

BUREAU OF INVESTMENTS

COUNTRY

IMMIGRATION

IMMIGRATION COMMISSIONER RUFUS RODRIGUEZ

INVESTOR

INVESTORS

KOREANS AND INDIANS
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