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South Korean 'fugitive' arrested at NAIA -- BI

Philippines | National

South Korean 'fugitive' arrested at NAIA -- BI

By Jeffrey Damicog

A South Korean fugitive ordered arrested in his country for economic crimes has been intercepted at the Ninoy Aquino International Airport (NAIA) before he could board his flight to Shanghai, China.

Bureau of Immigration (BI) Commissioner Norman Tansingco identifed him as Ahn Youngyong, 54. Ahn's name prompted a hit in the BI's watchlist last June 23 forcing immigration officers to intercept him.

Tansingco said Ahn has a deportation case at the BI for being an undesirable alien.

The BI said "the Korean embassy in Manila earlier informed the BI that a warrant for Ahn’s arrest was issued by the Seoul eastern district court on April 1, 2024 for violating the prohibition on marketing disturbances."

It said that "Korean authorities alleged that between February and September 2018, Ahn disseminated false information on capital investment, joint development and sales of immune-anti cancer drugs, completion of technology transfer, and by a US bio-company."

“The action caused the share price of the drug in the Korean stock market to rise tremendously, thus enabling its manufacturer to gain unfair profit of more than 63.1 billion won, or almost $44 million,” it added.

Ahn is now detained at the BI's facility in Taguig City pending his deportation.

Related Tags

Bureau of Immigration

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