A KOREAN fugitive who hid in the country for more than 14 years to evade prosecution for swindling a compatriot of more than P65 million was finally caught in Taguig City, the Bureau of Immigration said.
Li Tae Young was arrested by operatives from the BI fugitive search unit at his house at the AFPOVAI Subd., Western Bicutan, Taguig City, according to officer-in-charge commissioner Al Argosino.
A report from the South Korean embassy 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 Korean is also an overstaying and undocumented alien as his passport already expired 11 years ago and was not renewed. Young is the subject of an outstanding arrest warrant issued by a district court in Seoul in 2002, he said.
The Korean fugitive hid in the Philippines since March 28, 2002 when he last arrived here as a tourist.