Lady trader tied to investment scheme shot dead inside car in Davao City

DAVAO CITY – A 51-year-old businesswoman linked to an investment scheme was gunned down inside her vehicle by three unidentified assailants here on Saturday, May 13.

Police Major Catherine dela Rey, Davao City Police Office spokesperson, identified the victim as Annabelle Cosido Elizagaque.

Dela Rey said on Monday, May 15, that authorities are thoroughly investigating the incident on  Diversion Road in Barangay Maa at 2 p.m.

Investigators have yet to check surveillance cameras in the area that could help them unmask the identity of the gunmen.
Dela Rey added that they would look into the victim’s previous business transactions to determine the possible motive for her death.

She said investigators have yet to find out if Elizagaque received any threats to her life from individuals with whom she had transactions.

Elizagaque was reportedly among the individuals behind the now defunct Rigen investment scheme which offered investment packages similar to the Ponzi scheme that promised high returns to investors, information released by police said.

“Atong ginapaningkamutan nga masolbad kining kaso ug para mahatagan sila og hustisya (We are doing our best to resolve this case and give her justice),” Dela Rey said.

She said that police are not discounting the possibility that her death might have been motivated by her involvement in Rigen or in her other businesses.

Investigation said the victim was driving out of the  Power Asia Integrated Sales and Allied Services Compound owned by her daughter Chat when two of the three suspects appeared in front of her car and fired successive shots at her.

The victim succumbed to multiple bullet wounds and police said the suspects immediately fled on a motorcycle driven by their accomplice.

Police  recovered three deformed slugs and five fired cartridge cases from .45 caliber pistol.