120 Billion Won to 60 People... Two Suspects of Philippine-Based Phone Financial Fraud Repatriated to Korea

A, the deputy head of the Imongryong faction, and B, a member of the Seongchunhyang faction, who are accused of embezzling about 1.2 billion KRW from around 60 victims based in the Philippines, are being repatriated to Korea through Incheon International Airport on the 2nd. /Photo by the National Police Agency

[Asia Economy Reporter Seongpil Jo] The National Police Agency announced on the 2nd that they have arrested the deputy leader and members of a phone fraud organization based in the Philippines and forcibly repatriated them to South Korea.

The repatriated deputy leader Mr. A and member Mr. B belong to the phone fraud organizations called 'Imongryongpa' (tentative name) and 'Seongchunhyangpa' (tentative name), based in the Philippines, and are suspected of embezzling approximately 1.2 billion KRW from about 60 people. According to the police, Mr. A managed and supervised the phone fraud organization members, while Mr. B impersonated financial institution counselors to deceive victims. A police official stated, "The amount of damage may increase during further investigations after repatriation."

The National Police Agency obtained information on the whereabouts of the organization to which Mr. A and Mr. B belong after issuing an Interpol Red Notice. Subsequently, in cooperation with local judicial authorities through the Korean Desk in the Philippines, they arrested the leader Mr. D of the Seongchunhyangpa and two members on the morning of May 5th, followed by the arrest of the deputy leader Mr. A of the Imongryongpa in the afternoon. Kang Gitaek, head of the Interpol International Cooperation Division, said, "Phone fraud crimes are 'economic murder' that cause great pain to victims," adding, "We will promptly repatriate phone fraud criminals operating overseas to help restore the victims' losses."

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