The Department of Justice has dismissed the suit for syndicated estafa and swindling filed against former ambassador Alfonso Yuchengco, members of his family and other directors and officers of the bankrupt pre-need firm Pacific Plans Inc.
Phoenix Petroleum Philippines Inc. defended itself from allegations of oil smuggling on Wednesday, saying that the Department of Justice has dismissed smuggling charges filed against the company under the Bureau of Customs’s Run After the Smugglers (RATS) campaign.
The Philippine Deposit Insurance Corp. (PDIC) on Thursday filed before the Department of Justice (DOJ) a complaint for estafa against 88 depositors for allegedly defrauding the government by P9.73 million.
“Scary!!” The word, including the two stunning exclamation points, is a direct quote from the recent ruling of the Court of Appeals on the much-publicized case involving former Palawan Governor Joel T. Reyes and his brother, the incumbent mayor of Coron (Palawan), Mario Reyes Jr.
The Bureau of Customs filed on Thursday smuggling charges against two businessmen at the Department of Justice months after they were caught illegally bringing into the country onions and garlic from China valued at a whopping P19 million.
Given the upswing in the property market, Finance Undersecretary John Sevilla said a year ago that the government should privatize the Food Terminal Inc. property in Taguig at a price analogous to a merchandise in upscale Rustan’s as opposed to that hawked in Divisoria or even Greenhills.
Competition is heating up between Chinoy businessman Lucio Co-led Puregold Price Club and the SM group of retail king Henry Sy, with the former fast catching up in terms of nationwide grocery store footprint.
There is now no legal impediment for the criminal prosecution of eight foreigners who were sued by the Securities and Exchange Commission (SEC) on the basis of a complaint initiated by a Cebu-based businessman who accused the foreigners of selling membership shares of the Nomad Sports Club (NSC) amounting to about P100 million.
The Bureau of Customs on Thursday filed before the Department of Justice (DoJ) smuggling complaint against two traders and brokers in connection with an attempt to smuggle into the country P18-million worth of illegally imported Digital Video Discs (DVD), laptops and cell-phone accessories and unidentified chemicals.
Customs Commissioner Rufino Biazon, speaking before customs brokers recently, supposedly claimed that the basic elements for reforms in the Bureau of Customs were already in place.
The Department of Justice, the government’s designated Competition Authority, is actively pushing for the passage of a law that will prevent companies from taking undue advantage of size and market position to generate windfalls while placing consumers at a disadvantage. In a speech at the Philippine Business Conference on Thursday, Justice Secretary Leila de Lima [...]
Real estate magnate Delfin Lee, his son and three associates face life imprisonment after the justice department on Wednesday approved the filing of a syndicated estafa case against them. The case stems from the allegedly anomalous loans amounting to more than P6.65 billion granted by the Home Development Mutual Fund, also known as the Pagibig [...]
