Sen. Manuel "Mar" Roxas II on Wednesday joined six planholders of the Legacy Group of Companies in filing a case of syndicated estafa against Legacy Group owner Celso delos Angeles and 19 board members and directors of the dissolved Legacy Consolidated Plans Inc. (LCPI).
The Bangko Sentral ng Pilipinas (BSP) on Tuesday filed with the Department of Justice its third case of syndicated estafa against Legacy Group owner Celso G. delos Angeles, Jr. and other officers, this time for fraudulently siphoning off P500 million worth of deposits and investments from the Rural Bank of Bais Inc.
Clients of three pre-need firms under the embattled Legacy Group of financial services firms should not expect to get their money back in full, the Securities and Exchange Commission (SEC) said on Wednesday.
The Philippine Deposits Insurance Corporation started distributing claim forms for savings and time depositors with more than P100,000 deposits Wednesday.
Vice-President Noli de Castro denounced efforts to link him to the messy Legacy Group issue where businessman-turned-politician Celso de los Angeles reportedly tapped politicians as protector of his now bankrupt financial services firms.
Vice president Noli de Castro may have committed perjury by keeping secret his links to businessman-turned-politician Celso de los Angeles, owner of the messy and bankrupt Legacy Group, in the 2004 elections.
President Arroyo's spokeswoman on Tuesday described Deputy Executive Secretary Manuel Gaite as a charitable and generous person as she defended the Malacañang official's appointment to the Securities and Exchange Commission (SEC).