Año orders relief of 3 high-ranking cops for allegedly running P2 billion investment scam

March 26, 2019

Interior Secretary Eduardo Año has directed Philippine National Police Director General Oscar Albayalde to immediately relieve from their posts three high ranking police officers for alleged involvement in an investment scam reportedly amounting to almost P2 billion.

Año said this is necessary to prevent them from possibly interfering and influencing the conduct of a formal investigation on the Police Paluwagan Movement investment scam. He said this is allegedly run by the three officers and some of the uniformed and non-uniformed personnel of the General Santos City police office.

He ordered the Criminal Investigation and Detection Group (CIDG) to investigate the scam that has allegedly victimized a sizeable number of PNP personnel in the Soccsksargen, their families, relatives, and friends.

Among those ordered relieved are Senior Superintendent Manuel Lukban, Jr., Senior Superintendent Raul Supiter, and Superintendent Henry Biñas, all of the regional police office.

Based on the initial report of Chief Superintendent Elisio Rasco, the regional police director, the scam has attracted various sectors of the community in Region 12 including prosecutors, judges, entrepreneurs, and other ordinary civilians due to “very tempting big interest offered by the group.”

The scam allegedly offers 60 percent interest rate every 15 days to the money invested by investors. DMS