Deals tagged as motive in trader’ slay

Dominic Sytin
Photo from Dax Lucas Facebook

SUBIC BAY FREEPORT—Investigators are zeroing in on the business transactions of slain businessman Dominic Sytin, believing these would explain why he was gunned down outside a hotel here on Wednesday night.

Sytin received death threats from people “engaged in the same industry or business,” Chief Supt. Joel Napoleon Coronel, Central Luzon police director, told a news briefing on Friday. He did not elaborate.

Sytin, 51, was the founder and chief executive officer of United Auctioneers Inc., a Subic-based company that auctions off used trucks and heavy equipment.

He was shot dead by a lone gunman outside The Lighthouse Marina Resort. His security aide, who managed to open fire at the gunman, was seriously wounded. —WITH A REPORT FROM JOANNA AGLIBOT