Wahana CEO, official, arrested over estafa charges, post bail

The founder of Wahana Credit and Loan Corp., the company linked to an alleged investment scam, as well as one of its officials, were arrested on Tuesday, a report on Unang Balita said Wednesday.

The firm is accused of duping its investors, who are mostly policemen and overseas Filipino workers, of millions of pesos.

Maria Lysa Soler, the firm's founder, and officer Mharina Pelagio both faced syndicated estafa charges. They were able to post bail of more than P100,000 each.

They refused to comment on the matter.

Victims of the supposed scam flocked to the police station after learning of the arrest of the suspects. —Jamil Santos/KBK, GMA News