Over 470 arrested in Pampanga for suspected cybercrime

enablePagination: false
maxItemsPerPage: 10
maxPaginationLinks: 10

Metro Manila (CNN Philippines, June 7) — Police arrested 474 employees of a trading company in Pampanga on Wednesday for their alleged involvement in cybercrime.

The police cybercrime group targeted a company allegedly posing as a business process outsourcing firm in Berthaphil Business Park at the Clark Special Economic Zone.

Police said the employees were on the night shift, so there may be more arrests from the other shifts.

Police on Thursday presented eight Israeli nationals supposedly operating the business. They said the company was engaged in fraudulent financial transactions worth around $1 million (around P52 million) daily.

Police said the money is transferred to different international accounts including those in the Czech Republic, Romania, and Germany.

They said they discovered the operations after Australian nationals reported they were scammed for up to A$500,000 (around P20 million).

Authorities said the company failed to present legal documents when a search warrant was served for estafa.