MANILA, Philippines — Police attempted but failed to serve an arrest warrant against an actor over charges of syndicated estafa.
A charge of syndicated estafa under Article 315 of the Revised Penal Code is considered as non-bailable and punishable with lifetime imprisonment.
The warrant stemmed from a complaint filed by a 50 year-old businessman who accused Ken Chan and seven others of alleged involvement in a P14-million investment scam.
Chan, however, was not in his home in Quezon City on Friday when the warrant was served.
EMPTY The house of actor Ken Chan in Quezon City where police was supposed to have served a warrant of arrest on Nov. 8, 2024 for his alleged involvement in a P14-million investment scam. Chan was nowhere to be found. PHOTO BY ISMAEL DE JUAN
In an interview with entertainment media, the complainant’s legal counsel, Joseph Noel Estrada, said talks between the unidentified businessman and Chan began in 2022 when the actor promised a profitable investment in their restaurant business.
“According to the complainant, Ken Chan asked for an investment [but] they were not authorized to solicit investments from the public. And by using misrepresentation and fraudulent schemes, they obtained money from the complainant,” Estrada said.
Estrada said that the complainant mainly transacted with Chan and gave him the money amounting to P14 million in two transactions in less than a year.
The transaction started in 2022 and the complainant filed charges in 2023.
This was the second attempt to serve the warrant of arrest against Chan. The seven other co-accused in the case have reportedly still not been found.
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