Philippine National Police

National Capital Region Police Office

PBGEN DEBOLD M SINAS

Man accused for qualified theft; arrested

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The NCRPO Regional Special Operations Unit (RSOU) successfully arrested a Wanted Person accused for Qualified Theft at about 5:15 P.M. of July 12, 2019 in his residence at 323 Ortigas Avenue, Mandaluyong.

NCRPO Regional Director PMGEN GUILLERMO LORENZO T ELEAZAR identified the accused as Billy Lim y Yu, 69 years old, married and presently residing at 323 Ortigas Avenue, Mandaluyong City.

The accused was arrested by virtue of Warrant of Arrest with no bail recommended, issued by Hon. Nicanor A. Manalo Jr., Presiding Judge of Regional Trial Court Branch 161, NCJR, Pasig City dated July 11, 2019.

The operation stemmed from the complaint of Fermentation Industries Corporation (FINCO) represented by Rodney Vincent C. Yu who personally appeared at RSOU office and sought police assistance for the possible arrest of the accused. Information gathered through surveillance, monitoring and lateral coordination led to the arrest of Lim.

Case records revealed that sometime in 2007, Lim was then a treasurer of Fermentation Industries Corporation (FINCO). However, accused stole the Corporation’s funds amounting to Ninety Million Three hundred Eighty Six thousand Six hundred Thirty Eight pesos and Seventy Seven centavos (Php90,386,638.77). Lim transferred the said amount from the investment account to his various accounts, thus, a case was filed against him.

Accused was later brought to RSOU office for proper documentation and disposition.

He will remain in the custody of RSOU office pending the legal orders from the court of origin.

The NCRPO Regional Director commended operatives for the prompt actions. He also said, “Ano mang klase ng krimen ay hindi palalampasin ng ating mga kapulisan. Alam ko na marami pa ang madadakip ng otoridad na mga Wanted Person sapagkat tumutulong at nagtitiwala ang ating mga kababayan. Makakaasa po kayo na kami ay aaksyon at hindi titigil upang mapagbayaran ng mga nagkasala sa batas ang kanilang mga kasalanan