MANILA, Philippines — A Korean national wanted for large-scale fraud amounting to over P400 million was arrested by the Bureau of Immigration (BI) in Pasay City.

Nam Sungjin, 53, was taken into custody around 8 a.m. by the BI’s Fugitive Search Unit (FSU) following coordination with the Supreme Prosecutors’ Office of South Korea and the Philippine Air Force.

Nam is facing an arrest warrant issued in 2024 by the Changwon District Court, Miryang Branch in South Korea for violating Article 347-(1) of the Korean Criminal Act, which pertains to fraud.

According to reports from Korean authorities, Nam allegedly posed as a legitimate businessman with operations in Korea and the Philippines. A victim transferred over ₱400 million to Nam’s bank account in 2022 as a supposed investment, but the funds were allegedly used to settle the suspect’s personal debts.

The BI confirmed that Nam will be held at its Warden Facility in Taguig City pending deportation proceedings. The arrest is part of President Ferdinand R. Marcos Jr.’s directive to tighten border controls and reinforce law enforcement efforts against transnational crime.