P500k bounty for Crown Regency Hotel owner's killer

ABS-CBN News

Posted at Jun 14 2014 12:57 PM | Updated as of Jun 14 2014 08:57 PM

A lone gunman shot dead Richard King inside the hotel owner's building Thursday night. Photos courtesy of Cheche Diabordo, DXAB 1296

MANILA - The family of Crown Regency Hotel owner Richard King and the local government of Davao City are offering a P500,000 reward for any information that could lead to the arrest of the businessman's killer.

Davao Mayor Rodrigo Duterte said he added P300,000 to the P200,000 offered by King's family to help speed up the arrest of the suspect.

King, 56, was shot at close range by a lone gunman inside his Vital-C Health Products Inc. office in Obrero, Davao City last Thursday.

He was dining with his employees when he was gunned down.

The suspect immediately fled the scene on a black motorcycle that was waiting outside the building.

Authorities have yet to identify the motive behind the killing. -- Report from Rodirey Salas, ABS-CBN News Southern Mindanao