
Three Korean victims found earlier this week in a remote sugarcane field in the Philippines with gunshot wounds to their heads were identified as primary suspects in a multi-million-dollar investment fraud, local media reported Friday.
The three Koreans were found dead by a local farmer on Tuesday in a sugarcane field in the rural town of Bacolor, 75 kilometers (47 miles) northwest of Manila.
They were a 48-year-old man, a 52-year-old man and a 49-year-old woman. The victims were confirmed by their fingerprints to be Korean nationals on Wednesday.
The Korean police told local media on Friday that the three victims were suspects of an investment fraud worth 15 billion won ($13.25 million).
The three individuals left the country before police formally launched an investigation, the Yonhap News Agency reported.
The victims were executives in an investment corporation that they created last year, and the 48-year-old male victim worked as its president.
They jointly operated the company for approximately one year, using a multi-level marketing investment scheme based on foreign exchange margin trading, police were quoted as saying.
While the president of the firm and the female victim were not married, they pretended to be, police said, luring investors to trust them with large sums of money with the promise of high returns.
Victims of the alleged fraud requested police since the summer to investigate the suspects. One petition was filed at the Songpa District Precinct in August and two more were filed to the Suseo District Precinct in September.
Police said the victims left Korea as the investigation was forming. [Joong Ang Ilbo]
You can read more at the link, but I wonder if they were working for a Korean organized crime group and killing them was a way to keep them quiet after they were targeted to be investigated by authorities?
https://www.rokdrop.net/2016/10/three-more-south-koreans-found-murdered-in-the-philippines/