A 36-year-old man who confessed to being the chief executive officer of an investment scam company based in General Santos City, was arrested on Monday by elements of the Criminal Investigation and Detection Group in Central Visayas in Argao town, south Cebu. | CDND Photo / Alven Marie A. Timtim
Police Major Ronald Allan Tolosa, deputy chief of the CIDG-7, said that they served the warrant of arrest on March 2, around 4 p.m., in the house of Revilla’s aunt in Argao, where he was in hiding following a tip from a concerned citizen. “Ang operation nila, investment ni siya sa foreign exhange… in one week time, and investment nimo mo double,” said Tolosa.
He said from May to the middle of July 2019, Shantal was going well and was able to return payouts to their investors, but in the last week of July, it started to have delays due to the warnings issued by the government regarding investments.