Coco Rasuman arrested, to be detained in Manila


Posted at Nov 27 2012 02:28 PM | Updated as of Nov 28 2012 07:55 AM

MANILA, Philippines (3rd UPDATE) – Jachob "Coco" Rasuman, the leader of an investment firm allegedly behind a massive pyramiding scam in Lanao del Sur, has been arrested and brought to Manila, police said Tuesday.

Lanao del Sur police chief Romeo Magsalos said Jachob "Coco" Rasuman was arrested in his safehouse in Barangay Panggao Saduc, Marawi City Tuesday afternoon through the joint efforts of the 103rd Brigade of the Philippine Army, Provincial Police Command of Lanao del Norte, and Philippine National Police-Region 10.

He said Rasuman had been staying in Marawi for several months out of fear of retaliation from the disgruntled investors in his firm.

Atty. Virgilio Mendez, National Bureau of Investigation (NBI) Deputy Director for Regional Operation Services, said Rasuman will be brought to Manila to be detained at the NBI headquarters.

Mendez said Rasuman will be tried either in Cagayan de Oro or Lanao del Sur, but he will be detained in Manila for security reasons.

He added that other suspects charged before a Cagayan de Oro trial court for syndicated estafa have not been arrested, as of posting.

Aside from Rasuman, the leader of the alleged Coco Rasuman Investment Group, also facing charges are his father, former Public Works Undersecretary Basher Rasuman, and several others.

The trial court issued on Monday a warrant of arrest against Rasuman, et al. and a combined force of Philippine National Police, NBI, and Philippine Army elements were tasked to serve the warrant in Marawi City.

The warrant was issued by Cagayan de Oro Regional Trial Court Judge Bonifacio Macabaya.

Rasuman arrived at the Ninoy Aquino International Airport Terminal 3 at around 10:40 p.m.

From the airport, Rasuman was brought to the NBI headquarters.

Both Rasuman and the NBI refused to be interviewed at the airport. -- with reports from Ina Reformina and Jasmin Romero, ABS-CBN News; Edwin Sevidal, dzMM; ANC