Businessman wanted for estafa arrested
MANILA, Philippines — A businessman who is wanted for a fraudulent importation business scheme was arrested in Quezon City on Wednesday.
Maj. Gen. Jose Melencio Nartatez Jr., National Capital Region Police Office (NCRPO) director, said intelligence operatives served Richard Abados arrest warrants at a high-end condominium in Barangay Pasong Putik at around 11:30 a.m.
The warrants were issued by courts in Quezon City and Valenzuela for estafa and violation of Batas Pambansa 22 or the Bouncing Checks Law.
Nartatez said Abados duped an individual of an unspecified amount of cash for an importation business involving diesel from Singapore and Malaysia. The business was non-existent.
“The representation of the subject that he is engaged in the importation of diesel for sale and distribution in the Philippines and the issuance of the checks were clear fraudulent scheme employed to induce the victim,” Nartatez said in a message on Viber.
That suspect was brought to the NCRPO headquarters in Taguig for documentation.
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