Korean robs money exchange workers with P1.4 M

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    ANGELES CITY — A Korean national was arrested by the police here while allegedly attempting to hold up companions carrying P1.4 million cash in a vehicle in Barangay Balibago here last Saturday.

    A report from Station 4 of the local police named the suspect as Yang Rae Song, 37. The report said a police patrol was making the rounds along the MacArthur Highway in the Balibago commercial district when their attention was caught by a man getting out of a car and shouting for help.

    It turned out that Song had offered employees of a money exchange shop a ride in his car on their way to a bank to deposit P1.4 million. The employees said they had trusted him as a regular client.

    Chief Inspector Romeo Castro of Station 4 said that on the way, Song produced a. .45 pistol and threateningly ordered other people in the vehicle to turn over to him the bag that contained P1.4 million cash.

    One of the employees, however, immediately got out of the car and shouted for help. The cops then surrounded the vehicle and arrested Song who did not put up a fi ght. They found already in his possession the bag containing P1.4 million cash, as well as his pistol.

    Police probers are looking into reports the Korean was in financial straits and had incurred casino debts worth some P15 million. Song was slated to be charged with robbery and illegal possession of fi rearms and ammunition even as probers looked into his status as alien in the country.

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