Breaking news! The Philippine Anti-Organized Crime Commission (PAOCC) announced that a Chinese businessman impersonating a Filipino, Wu Zhishi (transliterated), who was recently arrested, will have all his assets in the Philippines legally seized before a decision is made on whether to deport him back to his home country.
It is reported that Wu Zhishi forged identity information, illegally obtained a Philippine passport and a gun permit, and opened several department stores in Darte City. Investigations revealed that he used multiple aliases to register companies, owned properties, and had substantial deposits in several banks.
PAOCC emphasized that before deportation, it is necessary to freeze all his real estate, businesses, and bank deposits to prevent him from transferring or evading accountability. This measure indicates that law enforcement does not soften due to his foreign nationality.
Currently, Wu Zhishi is detained at the PAOCC detention center in Pasay City, Manila, and the asset review is being conducted simultaneously. The timing of the deportation will depend on the asset recovery situation. The police have previously detailed the capture process, including his fake identity and weapon possession.
This operation emphasizes that identity fraud is just the beginning, with the goal of thoroughly investigating his assets. "It's not that we're afraid you'll leave, but that you'll take the money with you." PAOCC is highly concerned about the identity disguise and asset legality of high-asset foreign nationals.
Similar cases have been initiated in Sanbao Yan Province, where the immigration bureau recently captured several Chinese impersonating Filipinos, involved in factory management, labor, and shop operations. The immigration bureau warns that such disguise acts have escalated to a national security issue, potentially linked to espionage and major crimes.
This "assets first, deportation later" tough strategy has become part of a systematic "asset harvesting" operation. Those who think they have successfully "laundered" their identity and secured their money may become the next targets. The Philippines is focusing on passports, shops, and investments to conduct more precise property investigations.
