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.
Fugitive housing developer Delfin Lee and four coaccused cannot leave the country on orders of the judge hearing the case of syndicated estafa against them.
Barring last-minute hitches, the Department of Justice is expected to release this week (or next) its resolution on the syndicated estafa charges filed against businessman Manuel Amalilio and his associates in Aman Futures Group Phils. Inc.
Aside from the numerous syndicated estafa charges they are facing, the top officials of Aman Futures have been slapped with complaints by the Securities and Exchange Commission (SEC) for engaging in fraudulent transactions and operating without the proper registration.
The Securities and Exchange Commission warned the public on Tuesday not to heed erroneous reports that Aman Futures Group Phils. Inc.—a trading firm tagged in a P244-million “double-your-money” scam in Pagadian City and other parts of the Visayas and Mindanao—has been given fresh clearance to operate.
The Court of Appeals has dismissed the syndicated estafa case against one of those charged in the questionable P6-billion loan given by the Home Development Mutual Fund (HDMC/Pag-IBIG) to alleged ghost buyers of real estate firm Globe Asiatique.
A former executive of the failed Legacy-owned banks was arrested and arraigned recently in what the Philippine Deposit Insurance Corp. (PDIC) considers a positive development in its long-drawn legal battle with the banking group.
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 [...]
The Department of Justice (DoJ) on Wednesday approved the filing of syndicated estafa against real estate developer Delfin Lee and his business associates in connection with the alleged fraudulent P6.65-billion loan that “ghost borrowers” obtained from the Home Development Mutual Fund (HDMF), otherwise known as Pag-IBIG Fund.
