Kapuso actor Ken Chan faces another warrant of arrest.
KEN CHAN ESTAFA CASE – There’s a standing estafa case versus the Kapuso actor but the authorities failed to serve a warrant as he was not in his home.
On Friday, authorities failed to serve a warrant of arrest to Kapuso actor Ken Chan for charges of syndicated estafa. The actor is facing the said charges and has been on hiatus for months now. The syndicated estafa was filed versus Chan for his alleged involvement in an “investment scam.”
The charges were filed against him and six other individuals by an unnamed complainant, who allegedly made an investment worth Php 14 million in the actor’s business.
On November 8, Friday, the police served another arrest warrant at his Quezon City residence but failed as the actor was reportedly not home. According to Atty Joseph Noel Estrada, lawyer of one of the complainants, there was an investment scam which the complaint was based upon. According to Estrada, Chan asked for the amount and promised a 10 percent interest monthly.
“Hindi porke ang isang korporasyon ay registered with the SEC ay puwede po silang mag-solicit ng investments from the public, you should get a permission also from the SEC on that. So ito pong korporasyon na ito ay ginamit para makahingi ng pera,” Estrada added. He stressed that despite the business being registered in SEC, Ken and his co-accused are not authorized to solicit investments.
However, Chan closed down his business and went abroad, hence, the charges. Police have no information about his current whereabouts. Allegedly, the investment deal was discussed in 2022 and the following year, 2023, the complainant filed a formal complaint against Ken and other people involved.
The first attempt to serve a warrant of arrest was in September but the actor was a no-show.
Under Article 315 of the Revised Penal Code, syndicated estafa is non-bailable and punishable with lifetime imprisonment.
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