3 women nabbed for P3M estafa

August 20, 2020

NATIONAL Bureau of Investigation (NBI) agents have arrested two women accused of hoodwinking their victims of almost P3 million in investments during an entrapment operation in Manila.

NBI Officer-In-Charge Director Eric Distor identified the suspects as Shagoptha Bashir Khan Punzalan and Rosenda Mohammad Jimenez who were charged with estafa under the Revised Penal Code (RPC) in relation to Republic Act 10175, the Cybercrime Prevention Act of 2012.

“According to the complaints, Subject Sha induced them to invest in her Cash Energy (Payday Loans) Services with a promise of high interest returns in merely weeks,” the NBI said.

“Complainants invested a total amount of P2,870,000 with pertinent documents acknowledged by Sha,” it added.

After giving their investments, the victims were issued bank checks as assurance for returns.

“Most of the checks bounced for reasons they were drawn against a closed account,” the NBI said.

Realizing that they were deceived, the NBI said the victims demanded refunds for their investments but “Sha was not able to deliver nor refund the amounts owed to complainants.”