A Marikina court has ordered the arrest of British businessman Lavish Mohan Paryani on a P16 million estafa case filed by a Filipino businessman.
The Department of Justice (DOJ) filed the case last February against Paryani and his co-accused, Reigna Reyes.
Marikina RTC Branch 263 Judge Rey Penacerrada Inciong issued a warrant for the arrest of Paryani.
The DOJ indicted Paryani and Reyes last February 21 for estafa under Article 315 of the Revised Penal Code.
The DOJ said it found “prima facie evidence with reasonable certainty of conviction” supporting the charges against Paryani and Reyes for allegedly employing pretenses to defraud businessman Mark Joseph de Guia by securing a co-financing loan of P10 million with a post-dated check worth P16 million that was eventually dishonored by the bank due to a closed account.
“De Guia would not have given his P10 million cash to respondents had it not been for the issuance of the subject check,” the DOJ resolution said.
