A 56-year-old South Korean fugitive, who has been hiding the country for over 14 years, is set to be deported by the Bureau of Immigration (BI).
Officer-in-Charge (OIC) Commissioner Al Argosino said Li Tae Young was arrested Monday by operatives from the BI fugitive search unit (FSU) at his house at the AFPOVAI Subdivision, Western Bicutan, Taguig City.
The foreigner will be sent back to Korea as soon as the bureau secures the required clearances for his deportation.
"He was ordered deported for posing a risk to public safety and security, being a fugitive from justice," said Argosino.
The Korean was also placed in the BI blacklist to prevent him from re-entering the Philippines.
Young, who is wanted for swindling a compatriot of more than US$1.4 million, was arrested on the strength of a warrant of deportation signed by Commissioner Jaime Morente pursuant to a summary deportation order that the BI board of commissioners issued against him on April 27.
The BI official noted that the Korean is also an overstaying and undocumented alien as his passport already expired 11 years ago and was not renewed.
Lawyer Jose Carlitos Licas, BI-FSU head, said Young is the subject of an outstanding arrest warrant issued by a district court in Seoul in 2002.
He said the fugitive has been hiding in the Philippines since March 28, 2002 when he last arrived here as a tourist.
Citing a report from the South Korean embassy, Licas said Young was employed as financial team leader of the Hana Bank between February 2000 and May 2001 when he embezzled funds totaling US$1.457 million belonging to a client.
The victim, identified as a certain Jeon Gang Moon, allegedly entrusted his funds to Young on the belief that the latter would wisely manage his investment so it would earn a huge profit. (FP/Sunnex)