Indian man arrested for engaging in illegal money lending activities


The Bureau of Immigration (BI) has announced that it has arrested an Indian national for allegedly unlawfully participating in an illegal ‘5-6’ money lending business in Cavite.

The suspect has been identified as Bahg Singh, 48, who was arrested by officers from BI Intelligence Division Regional Intelligence Operations Units 4A and 4B at Barangay Inchican in Silang, Cavite on Friday.

BI Intelligence Division Chief Fortunato Manahan Jr. said Singh was arrested under a mission order issued by BI Commissioner Jaime Morente after receiving a formal complaint about illegal activities of the suspect.

According to the complainant, he ran a 5-6 loan business, he was always drunk and committed acts of violence.

The Department of Justice (DOJ) said earlier that interest rates in the 5-6 loan industry are legal after the repeal of the usury law and removal of interest caps.

However, the DOJ pointed out that operating a lending business requires licensing and other requirements.

The BI said Singh was caught in the act of collecting money from a shop inside the said barangay and it was later discovered that he was undocumented and had been in the house too long. the country.

“Reporting illegal aliens in your area would allow our intelligence officers to open an investigation against them,” Morente said.

“We remain relentless in our drive to deport foreign nationals who flagrantly disobey our laws,” he added.

The Indian national has been detained at the BI premises in Bicutan, Taguig, as he awaits the resolution of the deportation case filed against him.

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