DAVAO CITY: The owner of Crown Regency Group of Hotels and Vital Health Products was shot dead by a lone gunman inside his Vital C office on Sobrecarey Street, Brgy. Obrero, this city, at about 6:45 p.m. Thursday night.
Police reported that 56-year old Richard King was about to take his dinner when the assailant walked-in and shot him several times. He was in Davao to attend the closing ceremonies of Vital C wellness training.
King, who was president and chief executive officer of J. King and Sons Inc. and Fuente Triangle Realty Development Corporation (FTRDC), developer of Crown Regency, Club Ultima, the Ultima Residences Fuente Tower and the Ultimate Residences Ramos Tower. He was also the founder and Director of Boracay Multiple Properties Inc.
According to the initial investigation, the assailant fled the building on board a black motorcycle with a companion who was waiting outside.
Joint investigation of the Sta. Ana Police Precinct and the Criminal Investigation and Detection Group (CIDG) is relying on the description given by witness for the identification of the assailant because the building has no CCTV cameras and no security guard on duty. PNA