3 Chinese loan sharks arrested for abducting Malaysian casino addict

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Parañaque City Police arrested three Chinese nationals who were “loan sharks” after abducting a Malaysian national who owed them a massive debt last night.

The suspects were identified as Chang Yuan, Liu Shihui and Jiang Yong. The three Chinese loan sharks arrested were staying at the Crown Bay Tower on Roxas Boulevard, Brgy. Baclaran, Parañaque City.

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Police have rescued the victim, Chua Sai Yee, a Malaysian national.

According to the police report, they first received a phone call from a concerned citizen who reported the abduction of the Malaysian victim.

The police launched the rescue operation at 9:30 pm at a condominium building in Brgy. Baclaran where the suspects live. Here the police arrested the suspects and found the victim.

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Initial investigation revealed that the victim, Chua, had been indebted to the suspects for his casino addiction. The victim was unable to pay and was abducted.

In September 2019, authorities successfully saved a Malaysian kidnap victim during a rescue operation in Biñan City, Laguna. Officials identified that a loan shark syndicate was behind the kidnapping incident.

Meanwhile, Philippine News Agency reported the Bureau of Immigration (BI) is set to deport two Chinese fugitives wanted for economic crimes in their country.

BI Commissioner Jaime Morente said Xu Xiaojun, 34; and Chen Yanhua, 56; were arrested in separate operations this week at Parañaque City.

He said Chen was arrested last Sunday at a five-star hotel by operatives from the bureau’s fugitive search unit (FSU) after intensive surveillance on her activities for several days.

Morente issued a deportation warrant for Chen’s arrest after informants tipped the bureau on her whereabouts.

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