Aman Futures founder arrested in Malaysia

Posted at 01/23/13 12:49 PM

MANILA, Philippines (UPDATE 3) - Manuel Amalilio, founder and owner of Aman Futures Group Philippines Inc., has been arrested in Malaysia, Justice Secretary Leila de Lima said Wednesday.

De Lima said Malaysian authorities arrested Amalilio in Kota Kinabalu for carrying a fake passport and ID. She said Philippine authorities will fly to Kota Kinabalu later tonight to work on Amalilio's deportation.

Amalilio is wanted for supposedly duping thousands of Filipinos in a P12 billion Ponzi scheme.

Malacañang said that if reports are true, the arrest of Amalilio will bring justice to the victims of the Aman Futures scam.

The Palace hopes that Amalilio will be brought back to the country to face the charges filed against him.

"If it's true that he has been arrested, it will bring justice to those whom he has defrauded and we hope that he can brought to our shores," presidential spokesperson Edwin Lacierda told reporters.

The Pagadian City regional trial court earlier ordered the arrest of officers of Aman Futures Group Philippines, Inc. for the non-bailable offense of syndicated estafa.  With reports by Noel Alamar, radio DZMM; Ina Reformina and Willard Cheng, ABS-CBN News