Authorities visited the Quezon City home of actor Ken Chan on the morning of Friday, November 8, to serve an arrest warrant for his alleged involvement in a syndicated estafa case. However, the warrant was left unreceived as no one was present to accept it at Chan’s residence in a subdivision in Barangay Tandang Sora.
Atty. Joseph Noel Estrada, lawyer of one of the complainants, explained the case, which accuses Chan and seven others of participating in an investment scam. “There is a pending case of Mr. Ken Chan along with 7 other co-accused, and there is a pending warrant for their arrest. This morning, our law enforcement team attempted to serve the court-issued warrant,” Estrada said.
According to Estrada, the complaint involves approximately P14 million Chan allegedly requested from his client, promising high returns through a restaurant venture with a 10% monthly profit. However, the business eventually closed, and Chan and his associates reportedly became unreachable.
Estrada clarified that SEC registration alone does not permit corporations to solicit public investments. “This corporation was used to solicit funds improperly,” he noted.
This is the second time an arrest warrant has been issued for Chan, with the first attempt made in September. Estrada relayed his client’s message to Chan: “If he is truly innocent, he should face the case. This won’t end unless he addresses it.”
The non-bailable charge of syndicated estafa was forwarded to court after prosecutors found sufficient grounds for a “reasonable certainty of conviction” in 2023.
