An American man has been arrested a day after an Australian businessman was found stabbed to death with a plastic bag over his head in his Manila office.
Lambros Zervas, who had been running a cleaning company in the city, was found dead by police on Tuesday with multiple stab wounds.
Kenneth Bethea, 58, who police believe was a business associate of the victim, was arrested in the building's basement on Wednesday afternoon following a standoff with police.
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Australian businessman Lambros Zervas (pictured) was found stabbed to death in his office in Manila on Tuesday
Kenneth Bethea (pictured) was arrested on Wednesday over the expat's murder following a standoff with police in the basement garage in the same building as Mr Zervas' office
Investigators believe Mr Zervas, originally from Adelaide, and Mr Bethea were business associates, and that prior to the incident Mr Bethea had called the victim's wife and demanded