It is the second time Surigao del Sur Vice Governor Librado Navarro is arrested since March in connection with what authorities call a double-your-money investment scheme
GENERAL SANTOS CITY, Philippines – For the second time in three months, police arrested Surigao del Sur Vice Governor Librado Navarro for his alleged involvement in an investment scam.
Authorities arrested Navarro in connection with a case for syndicated estafa case and violation of a law on investments on Thursday, June 9.
Caraga police chief Brigadier General Romeo Caramat Jr. said on Friday, June 10, that Navarro was arrested again in Lianga, Surigao del Sur along with Letecia Navarro, Estev Cirene Macheca, Suad Asad Fayyad, and Lafi Asad Fayyad.
Police said there were new arrest warrants against Navarro issued on Tuesday, June 7, by the Regional Trial Court Branch 28 in Lianga, Surigao del Sur, and RTC Branch 27 in Gingoog City in Misamis Oriental.
The two Navarros and Macheca were accused of syndicated estafa in Lianga, while the vice governor and the Fayyads were charged with two counts of violation of the Securities Regulations Code in Gingoog City.
“Again, I remind the public not to be enticed by people or businesses that promise big interests. Those who offer impossible returns are frauds. Let this also serve as a stern warning to those still involved in scams and continue to take advantage and deceive others – you will have a place in jail,”…
