5 nabbed in Pangasinan for using fake land title in P4-M loan

Five individuals were arrested in Calasiao, Pangasinan, for using a fake land title to obtain a loan worth P4 million.

According to a ''24 Oras'' report by John Consulta on Friday, the five suspects were arrested in an entrapment operation conducted by the National Bureau of Investigation–Dagupan.

Based on NBI’s investigation, the five suspects applied for a loan and received millions in exchange for a property in Bayambang, Pangasinan.

However, the Registry of Deeds said the land title was fake. 

“Nagsabwatan ng limang subjects para makakuha ng loan muna sa complainant gamit isang titulong peke. Nakakuha sila ng apat na milyon na loan muna sa complainant, at hindi pa sila nakontento, at humingi ng karagdagan isang milyon mula sa complainant. Dahil dito ay nagkasa po tayo ng entrapment operation para mahuli itong limang subjects,” said NBI Dagupan agent-in-charge Mert Tello.

(The five subjects have conspired to file for a loan with the complainant using a fake title. They received P4 million worth of loan from the complainant, and they still weren’t content so they asked for another P1 million from the complainant. Because of this, we have conducted an entrapment operation to arrest these five subjects.)

“Kinasuhan natin ang limang subjects ng estafa through falsification of public document, at ang kaso na ating sinampa ay sinustain naman ng provincial prosecutor,” Tello said.

(We charged the five subjects with estafa through falsification of public document, and the case was sustained by the provincial prosecutor.)

Other potential victims were also urged to cooperate with the NBI.

GMA Integrated News has reached out to the suspects for comment. —Jiselle Anne Casucian/VBL, GMA Integrated News