A SOUTH Korean fugitive, who was nabbed the other day after hiding in the country for more than 14 years in order to avoid criminal prosecution in his homeland where he is wanted for swindling a compatriot of more than US$1.4 million, will be deported by the Bureau of Immigration (BI).
BI officer-in-charge Commissioner Al Argosino said Li Tae Young, 56, was arrested Monday by operatives from the BI Fugitive Search Unit (FSU) at his house at the AFPOVAI Subd., Western Bicutan, Taguig City, on the strength of a warrant of deportation signed by Commissioner Jaime Morente pursuant to a summary deportation order that the BI Board of Commissioners issued against Young last April 27.
Argosino said the Korean was ordered deported for posing a risk to public safety and security and being a fugitive from justice, even as he was also placed in the BI blacklist to prevent him from re-entering the Philippines.
BI records reportedly show that Young is also an overstaying and undocumented alien, as his passport already expired 11 years ago and was not renewed anymore.
Atty. Jose Carlitos Licas, BI-FSU head, has reported that Young is the subject of an outstanding arrest warrant issued by a district court in Seoul in 2002. He began hiding in the Philippines on March 28, 2002, when he last arrived as a tourist.
Citing a report from the South Korean Embassy, Licas said Young was employed as financial team leader of the Hana Bank between February 2000 and May 2001, when he embezzled funds totaling US$1.457 million belonging to a client.
The victim, identified as a certain Jeon Gang Moon, allegedly entrusted his funds to Young on the belief that the latter would wisely manage his investment so it would earn a huge profit.
Young will thus be sent back to Korea as soon as the bureau secures the required clearances for his deportation.