German fugitive nabbed in Bohol-A A +A
Wednesday, October 9, 2013
A HIGH-PROFILE German fugitive wanted for a string of fraud of cases in his country was recently arrested by the Bureau of Immigration (BI).
Martin Otto Albert Kistner, 59, was arrested by the bureau's intelligence operatives at a beach resort in Barangay Pulangyuta, Dimiao, Bohol last October 7. He is now detained at the BI Detention Center in Bicutan, Taguig.
BI Officer-in-Charge Siegfred Mison said the foreigner arrived in the country on June 10, 2012 as a tourist using his brother’s passport to flee Germany.
"He will thus be deported for being an undocumented and undesirable alien," Mison said.
Lawyer Jose Carlitos Licas, BI Acting Intelligence Chief, disclosed that a warrant for the German's arrest was issued by the Public Attorney's Office in Regensburg, Germany on July 11, 2012.
Kistner allegedly committed crimes in 2007 when he was managing director of a company called TwentySecond Gmbh based in Amberg, Germany.
Prosecutors alleged that Kistner defrauded a victim of P1.1 million euros (P64.39 million) after the latter was enticed to give the loan in return for worthless shares of stock as collateral.
Likewise, he was accused of fraudulently disposing his company's assets by lending 1.025 million euros (P60 million) to another company without any collateral and secured only by a promissory note.
The loan was credited to the borrower's account from which 950,000 euros were immediately withdrawn and transferred overseas.
The BI chief added that two German federal policemen will escort Kistner back to his homeland. (FP/Sunnex)