The victim, who was identified as Lorenzo Tatel y Yu, is an owner of a computer shop in the area.
According to the police, Tatel had been arguing with the suspect, Eric Dondon Benavidez, 32, right before the incident.
Benavidez, who is an electrician and a resident of the same place, demanded money from the victim.
He stabbed the victim's body multiple times and tied him up using shoelaces.
The police said that the suspect immediately fled from the scene.
Meanwhile, the victim was able to seek help from his neighbors.
Police officers of the Virac Municipal Police Station immediately launched a hot pursuit operation to capture the suspect.
Benavidez was arrested at a lodging house at Barangay Gogon at around 4:05 A.M. the next morning.
Found in his possession was P20,000 which was believed to be taken from the victim.
They filed a complaint against the suspect following his arrest.
Meantime, the victim was brought to Metro Manila for medical assistance.--Report from RN Rey BICOLSTANDARD.COM
Bicol news | Albay news | Camarines Norte news | Camarines Sur news | Catanduanes news | Daet news | Iriga City news | Ligao City news | Masbate news |Masbate City news | Naga City news | Sorsogon news | Sorsogon City news | Tabaco City news | Virac news | Bicol Standard on Facebook | Bicol Standard on Youtube | Bicol Standard on Instagram | Bicol Standard on Google+ | Bicol Standard on Pinterest | Latest news in Bicol region | Bikol news | Bicol newspaper |