NBI Arrests PGMN Founder for ₱350M Cyber Extortion Attempt

• •Franco Mabanta was arrested for allegedly attempting to extort ₱350 million.
• •The extortion scheme involved threats to release damaging content if demands were not met.
• •PGMN claims the arrest was a setup and defends its actions as lawful journalism.

The National Bureau of Investigation (NBI) arrested Franco Mabanta, founder of Peanut Gallery Media Network (PGMN), for allegedly attempting to extort ₱350 million from House Speaker Martin Romualdez. The extortion scheme reportedly began last year and escalated recently, with demands for payment to prevent the release of damaging online content. Mabanta was apprehended during an entrapment operation after allegedly demanding ₱75 million. The NBI is reviewing digital evidence and considering cyber warrants as part of the ongoing investigation. PGMN denied the allegations, claiming the arrest was a setup and asserting their actions were lawful journalism. The case will be filed before the Regional Trial Court in Pasig once probable cause is established.