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

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

The BI said Nam is the subject of an arrest warrant issued by the Changwon District Court in Korea in 2024 for violating the Korean Criminal Act related to fraud. Korean authorities allege Nam posed as a legitimate businessman with enterprises in both Korea and the Philippines.

One victim reportedly transferred over P400 million to Nam’s bank account in 2022, believing it to be a financial investment. Instead, Nam allegedly used the funds to settle personal debts.

Nam was brought to the BI Warden Facility in Taguig City for booking and documentation, with deportation proceedings expected to follow.

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