At least 606 of the 1,800 vehicles involved in the "rent-sangla" modus have been recovered by authorities, the Philippine National Police Highway Patrol Group said Friday.
The Department of Justice earlier formed a task group against the scheme after investigations showed that suspects behind the modus conducted operations in 10 regions, including, Ilocos, Cagayan, Central Luzon, Calabarzon, Mimaropa, Eastern Visayas, Northern Mindanao, and Soccsksargen.
Senior Inspector Jem Delantes, Deputy Spokesman of PNP-HPG, said the National Bureau of Investigation office in Tagaytay plus other police units and agencies have already recovered a significant number of vehicles used in the modus.
"Ang gusto mangyari dito is we can come up with a solid case of syndicated estafa kasi yun ay non-bailable case para doon sa mga suspect natin. Kung estafa lang kasi its a bailable case," Delantes said.
"Kung titingnan natin doon sa mga nakuha nilang pera doon sa mga biktima natin, walang-wala po yung pera na piyansa kung estafa lang."
Delantes said they are still looking into banks and other financial institutions that may have been part of the syndicate.
"Ang ine-establish natin kung meron ba silang kasabwat kasi we must understand na maraming agents sa banks na lumalapit sa atin nag-offer ng mga ganyan," the official said.
Investors are also probing if banks should be held liable for being lenient in approving loans, Delantes said.
"Hopefully it's a wake up call doon sa mga mamamayan natin not to trust anybody pagdating sa mga ganito. Merong agenda 'yung mga easy money," she added.