PALAWAN – One of the alleged officers of a company that duped investors in Puerto Princesa City was arrested early Thursday morning.
The National Bureau of Investigation (NBI) in Palawan arrested Ian Telle Roxas, executive vice president of Seven Star General Merchandise, a firm allegedly involved in syndicated estafa.
A group of barangay tanods cornered Roxas around 2 a.m. in Barangay San Pedro.
Roxas, however, denied being part of the large-scale scam. He said he does not have any access to the company's finances and that his only role in the firm was to preach God's word to the employees and investors.
Meanwhile, a number of walk-in complainants have been going to the NBI office since the sudden closure of the company last July 3.
Palaweño investors were expecting their payout as scheduled by the company but no one from the office has showed up since Sunday.
The company owner, Victorino Musico Jr., is still nowhere to be found.
Victims of the alleged scam are not confined only in Palawan, but are also in other places of the country.
The Seven Star Branch Manager in Mapun, Tawi-tawi travelled all the way to Puerto Princesa to file a complaint before the NBI.
He claimed that he and his family have been receiving death threats as investors want their money back.
According to him, in Mapun alone, the company was able to collect an estimated P18 million in investments.