Authorities reported that another South Korean national was arrested in Pasay City on Monday for large-scale fraud amounting to over P400 million.

The Bureau of Immigration’s (BI) Fugitive Search Unit, in coordination with the Supreme Prosecutors’ Office of the Republic of Korea, took the suspect — identified as 53-year-old Nam Sungjin — into custody at 8 a.m.

In a statement, the BI disclosed that Nam is the subject of an arrest warrant issued by the Changwon District Court in Korea in 2024 for violating the Korean Criminal Act covering fraud.

Korean authorities alleged that Nam posed as a legitimate businessman with enterprises in both Korea and the Philippines.

A victim reportedly transferred more than P400 million to Nam’s bank account in 2022, believing it was a financial investment. Instead, Nam allegedly used the money to settle personal debts.

Nam was brought to the BI’s Warden Facility in Taguig City for booking and documentation. Deportation proceedings are expected to follow.

This arrest comes just days after the BI confirmed the capture of another South Korean national who was the subject of an Interpol Red Notice issued in 2019.