Man busted for P8 M fraud attempt, forgery in Makati
MANILA, Philippines — Police arrested in Makati City a 33-year-old man who allegedly forged a telegraphic transfer form in an attempt to defraud a company of over P8 million.
In a report on Wednesday, the Southern Police District (SPD) said that Makati Police Station personnel collared suspect Jethro Maamo while transacting in a bank along Ayala Avenue corner Paseo De Roxas in Salcedo Village Tuesday afternoon.
According to SPD, the suspect’s arrest stemmed from a complaint filed by two company officers.
After receiving the complaint, the police station intelligence operatives coordinated with the bank management and laid out an entrapment operation.
Maamo was apprehended after reportedly presenting the forged domestic interbank transfer form to the bank teller for the supposed transfer of P8,612,886 to another account.
Recovered from the suspect was a telegraphic transfer application form indicating the said amount.
Maamo, according to authorities, said a cohort, Joseph Bien, who is still at large, instructed him to do the transaction.
Maamo is currently under police custody and will face complaints for violating Article 172 (Falsification by Private Individual and Use of Falsified Documents) and Article 169 (Forgery) of the Revised Penal Code.