Authorities arrested the alleged mastermind of an investment scam during an operation in Marawi City, Lanao del Sur, Tuesday afternoon, a police official said.

Jacob “Coco” Rasuman was arrested around 2:15 p.m. at his home in Brgy. Panggao Saduc, Senior Supt. Romeo Magsalos, Lanao del Sur provincial police director, said in a phone interview.

“Hindi naman siya (Rasuman) nagtago, taga-doon naman siya talaga,” Magsalos said, belying reports that the suspect hid for fear of reprisal from his victims.

Authorities were only able to arrest Rasuman on Tuesday, when the court issued a warrant, according to Magsalos.

Members of the National Bureau of Investigation-Region 10 served the warrant with the help of policemen and members of the Army’s 103rd Infantry Brigade, he said.

“(Rasuman) has a similar scheme with Aman,” Magsalos said, referring to another investment scam that duped thousands of people in Mindanao of an estimated P12 billion. (John Roson)

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