MANILA – Alleged investment scam mastermind Jachob "Coco" Rasuman arrived in Marawi City on Tuesday morning for his arraignment on a P120 million syndicated estafa case. Escorted by National Bureau of Investigation (NBI) agents, Rasuman arrived at the Laguindingan Airport past 6 a.m. and was seen wearing a bullet-proof vest. Two armored personnel carriers then accompanied his convoy on the way to the hall of justice. Rasuman and several others are facing a P120 million syndicated estafa case filed by 25 complainants. His arraignment in Marawi City was set at 8:30 a.m., while another one in Iligan was set at 2 p.m. The Department of Justice earlier found probable cause to charge Rasuman, along with other members of his family namely, Princess Tomawis Rasuman (wife), Basher Rasuman, Jr. (brother), Basher Rasuman, Sr. (father), Ema Rasuman (mother), Vice-mayor Maning Rasuman (brother), Jerome Rasuman (brother) and Sultan Yahya Jerry Tomawis (father-in-law) on the basis of complaints separately filed by Achmad Sangcaan and Naim Sampao. Sangcaan claimed he was duped by the firm for a total amount of P5.13 million. The interest promised to him for his investment was allegedly between 50 to 100-percent in 2 months' time. He first invested in 2011 in an automobile-related trading corporation named NAD 21 Auto Option Trading Corp., in the amount of P300,000. He alleged that he was convinced to subsequently invest in another Rasuman ally firm for another P15 million but no longer received any return in investment. Sampao, on the other hand, was allegedly duped for a total amount of P14.3 million; he is demanding for damages (inclusive of interest) amounting to P26.51 million. His complaint included 2 more respondents: Vice-mayor Maning Rasuman (brother) and Jerome Rasuman (brother). These cases are in addition to the case earlier filed against Rasuman and 10 others, also, in Cagayan De Oro City. Syndicated estafa is a non-bailable offense. - with a report from Roxanne Arevalo, ABS-CBN News Iligan