CEZA suspends firm’s license to operate over investment scam

THE Cagayan Economic Zone Authority (CEZA) suspended the license to operate of Golden Millenial Quickpay Inc. Ltd. (GMQ) and its authorized service provider Grapefruit Service Inc. pending investigation into its reported investment scam targetting Chinese investors.

Last week, 277 undocumented workers of Grapefruit were arrested by joint operatives of the Bureau of Immigration-Fugitve Search Unit and Philippine National Police (PNP).