NEWS ALERT: Ermias Amelga under Police Custody

The real estate mogul Ermias T. Amelga is under police custody beginning on Thursday night, February 14, 2013, and under investigation for allegedly issuing a bad check to a house buyer who claimed a refund for his investment but failed to cash it, police sources disclosed to Fortune. Nonetheless, he might be released today from Kirkos District Police Station (the former 6th Police Station), in Kasanchis area, after securing bond, his close associates confirmed to Fortune.