Manila  - A Taiwanese man suspected to be involved in illegal drug trafficking and credit card fraud was arrested in the Philippine capital, a police spokesman said Monday.

Senior Superintendent Nicanor Bartolome said Chih Chien Yang was arrested Sunday during a raid on his house in a posh subdivision in the Manila suburban city of Paranaque.

Bartolome said the raiding team recovered 70 kilos of ketamine, a prohibited drug, with a street value of 350 million pesos (8.43 million dollars).

Police also recovered equipment and supply used in the duplication and manufacture of fake credit cards and passports.

Bartolome said the suspect was also facing various criminal charges in Manila and the central city of Cebu, but had posted bail for his temporary liberty. (dpa)