Mindanao Examiner Newspaper Dec. 23-29, 2013

Page 1

Tabak Division gets 138 new soldiers PAGE 2

'Cash-for-work'sa Zambo balot sa katamaran

Book donation benefits Davao day care center PAGE 4

PAGE 3

NPAs strike anew, raid police headquarters in Misamis Occidental

Hilaw na mangga, bayabas kayo riyan!

PAGE 7

Mindanao Examiner Opinion

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PAGE 9

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Dec. 23-29, 2013

END OF THE ROAD! Ex-Pagadian mayor accused in trading scam arrested

Remembering the scandalous past. (Mindanao Examiner Photo)

A

uthor ities arr ested a for mer may or and his uthorities arrested former mayor wife who w er e both accused as inv olv ed wer ere involv olved in a multi-billion tr ading scam in the trading countr y. country The former arrested by a court in Pagadian City Mayor Iligan City in southern Samuel Co and his wife Philippines. He was Priscilla were arrested linked by authorities to by the agents of the Na- the Aman Futures’ scam tional Bureau of Investi- that duped investors of gation while partying at more than P12 billion last a posh condominium in year. Taguig City. The warrant of arrest Co has been ordered was signed by Branch 1

ARMM

Judge Alberto Quinto of the Regional Trial Court in Lanao del Norte. The politician, along with 9 others, is facing charges of syndicated estafa, and is not allowed to post bail. Among those ordered arrested were Malaysian national Manuel Amalilio, founder of Aman Futures; Fernando Luna, Lelian Gan, Eduardo Lim,

Southern Mindanao

Davao

Welanie Fuentes, Naezelle Rodriguez, Lurix Lopez, Jerome Sanchez and Oliver Dequinto. The mayor has repeatedly denied all accusations against him and blamed his political opponents for linking him to the P12-billion Ponzi scheme perpetrated by Aman Futures. Co insisted he was not part of the scam, but a victim.

Manila

Justice Secretary Leila de Lima said that based on documentary evidence, the mayor allegedly played a role in the scam. Maria Dona Coyme, one of the finance managers of Aman Futures, who earlier surrendered to the authorities, also implicated Co and wife Pricilla Ann Fernandez, saying they allegedly sought investors for the group.

Amalilio has escaped last year to Malaysia after the collapse of his company, but had been arrested in Sabah on charges of holding a falsified document. Amalilio duped thousands of people in the southern Philippines by promising them 50% interests of all their investments. (Mindanao Examiner)

Zamboanga Peninsula


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Mindanao Examiner Newspaper Dec. 23-29, 2013 by Mindanao Examiner Regional Newspaper - Issuu