South Korean wanted for fake money trading arrested in PH

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DAVAO CITY ––The Bureau of Immigration arrested on Monday a South Korean national wanted in his home country for a string of criminal cases due to alleged involvement in counterfeit currency trading worth over 30 million Korean won (around PHP1.2 billion).

Immigration officials identified the 26-years-old Jang Junseok, 26-years-old at the Ninoy Aquino International Airport (NAIA) Terminal 1 while attempting to board a Philippine Airlines flight bound to Busan.

Junseok name was listed as among foreign nationals subjected to watchlist order of the Immigration due to his derogatory record and was issued a red notice issued by the International Criminal Police Organization (Interpol).

BI-Interpol Unit acting chief Jaime Bustamante said Jang has a warrant of arrest issued by the Daegu District Court in South Korea on Feb. 28, in relation to a counterfeit currency possession and trading case that was filed against him.

South Korean authorities said Jang is a professional counterfeit currency user who forged local bank notes, used them at will and engaged in acts that disrupted social order.

Jang reportedly has six prior convictions for the same criminal offense but was released on parole in 2023.

While on parole, the suspect allegedly continued to forge bank notes and used a pseudonym to cheat his victims who were offered the fake bank notes at lower prices compared to the genuine notes.

The foreigner was brought to the BI warden facility at Camp Bagong Diwa, Taguig City pending deportation proceedings. 

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