Lim is included in President Rodrigo Duterte's drug matrix, which was presented to the media in July 2016.
Chief Inspector Chuck Barandog on Tuesday afternoon served the subpoena whic was then received by one of Lim's security guard in Barangay Kasambangan, Cebu City since Lim wasn't home at the time.
President Duterte had previously ordered the investigation on Lim on December 2016, according to Philippine National Police chief Director General Ronald Dela Rosa. He directed his Anti-Illegal Drugs Group (AIDG) to conduct case-building probe on Lim.
"Nang malaman ni Presidente na ang kumpare pala niya ay confirmed drug lord, galit na galit siya. Instruction niya sa akin is magconduct kaagad ng case build-up. Trabahuhin agad para ma-neutralize," Dela Rosa said.
Dela Rosa admitted he was already aware of the businessman's ties with drug trade even before Kerwin Espinosa reveleaded the information to the Senate hearing on November 24, 2016.
"Right away nag-report ako kay Presidente. Sinabihan ko sa Presidente: 'Sir, iyung Peter Lim na kumpare mo sir, yung nasa picture niyo, iyan ang itinuturo ngayon na talagang confirmed na source ng droga ni Kerwin," Dela Rosa said.
"Ang sagot ni Presidente sa akin, ‘trabahua, kung masukol, patya (trabahuhin mo, pag lumaban, patayin mo),’… Ibig sabihin ng trabahua magconduct kami ng case building kay Peter Lim," Dela Rosa said.
Last year, President Duterte and Lim had a chance to meet face-to-face in Davao City in July 2016 where the latter denied involvement in illegal drug trade, even promising to help in the war on drugs of the government.
"I'm with you all the way, Mr. President," Lim said. Malacañang released a video of the meeting that lasted for over half an hour.
"I could clear up everything because my family is really in deep problem now in Cebu…In any way I will help, in all my ways I can," Lim added.
He thanked the President for letting him meet with him and talk "about the problem [he is] having now."
Duterte said if Lim wants to clear his name, he must submit to probes.
"We want to help you…help us clear you," Duterte said. "Sorry I cannot save you."
Preliminary investigations on Lim will be on August 14 to 17 in Manila. If he fail to appear, therefore, it means he is waiving his rights to defend himself leading to an immediate filing of the case against him.
Since July 11, Lim has been on the watch-list of Immigration's Lookout Bulletin Order. The said bulletin directs the bureau to "take prudent steps to verify" any criminal cases an individual may have committed.