Agents of the Bureau of Immigration (BI) have arrested three foreigners wanted by authorities in their country for alleged involvement in economic crimes.
BI Commissioner Norman Tansingco said 56-year old Cheung was was caught in BarangayTambo in Paranaque City.
Cheung is allegedly wanted by the Public Security Bureau of Fuding City for involvement in economic crimes.
He allegedly put up dummy real estate companies and defrauded investors of some 40 million RMB, roughly P326 million, on the pretext of high interest rates.
Also arrested were Chau Mut Hing, 63; and Zhang Yi, 50, in a business establishment in New Seaside Drive, Parañaque City.
Tansingco said that the two are facing criminal charges in Shanghai for oil smuggling and production of counterfeit commodities.
BI fugitive search unit chief Rendell Ryan Sy said that the trio were turned over to the BI’s detention facility in Bicutan, Taguig City pending deportation.