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Bilyonaryo - Business

Dangerous and on the loose: Mastermind in pharma exec’s abduction, murder flees

  • May 10, 2023
  • Bilyonaryo.com

By Nancy Carvajal

The alleged mastermind behind the death of pharmaceutical executive Eduardo Tolosa remains at large after he was indicted for kidnapping for ransom with murder by the Department of Justice last February.

Carlo Cadampog has reportedly gone into hiding after attending the preliminary investigation on the cases, Tolosa’s family told Bilyonaryo.

“We plead for Cadampog’s immediate arrest. We fear his retaliation because we sought the help of authorities for his indictment,” a sibling of Tolosa said.

A Batangas court already issued an arrest warrant for Cadampog, his brother Cesar, and other accused in Tolosa’s death, namely: Adrian Joseph Mendez, Richmel Riel Ignilan, Jomel Vizcarra, and Aldrin Antonio, who’s also known as Norman Antonio.

No bail was recommended for all of the accused in Tolosa’s death.

Tolosa, the owner of Iraseth Pharma, was abducted by Cadampog and the other suspects on July 19, 2022 from a condominium building in Bonifacio Global City, Taguig.

Cadampog demanded ransom money from Tolosa’s family for his release. The businessman separately gave the suspect Rolex and Hublot watches, as well as foreign currencies amounting to nearly P6 million.

Despite the valuables given by Tolosa, Cadampog proceeded to kill the businessman on the day of his abduction in Barangay San Juan, Sto. Tomas City, Batangas.

On July 28, Tolosa’s body was dug up from a shallow grave where he was buried and burned on Cadampog’s instructions.

Cadampog was identified as the mastermind behind Tolosa’s death in extrajudicial confessions executed by five of his accomplices who surrendered to the Philippine National Police headquarters in Camp Crame.

Surveillance footage obtained by law enforcement officers supported the suspects’ testimonies about Cadampog’s involvement in Tolosa’s abduction.

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