DOJ to file charges vs Rasuman group

Posted at 01/16/2013 10:41 AM | Updated as of 01/16/2013 4:21 PM

MANILA (UPDATED) - Two more cases of syndicated estafa will be filed before the Cagayan De Oro trial court by the Dept of Justice (DOJ) against the Coco Rasuman investments group in connection with the firm's alleged pyramiding scam.

In a 10-page resolution, the DOJ found probable cause to charge Jachob "Coco" Rasuman along with other members of his family namely,  Princess Tomawis Rasuman (wife), Basher Rasuman, Jr. (brother), Basher Rasuman, Sr. (father), Ema Rasuman (mother), Vice-mayor Maning Rasuman (brother), Jerome Rasuman (brother) and Sultan Yahya Jerry Tomawis (father-in-law) on the basis of complaints separately filed by Achmad Sangcaan and Naim Sampao.

Sangcaan claims he was duped by the firm for a total amount of P5.13 million; he is claiming damages (inclusive of interest) amounting to over P15 million. The interest promised to him for his investment was allegedly between 50 to 100-percent in 2 months time. He first invested in 2011 in an automobile-related trading corporation named NAD 21 Auto Option Trading Corp., in the amount of P300,000. He alleged that he was convinced to subsequently  invest in another Rasuman ally firm.

Sampao, on the other hand, was allegedly duped for a total amount of P14.3 million; he is demanding for damages (inclusive of interest) amounting to P26.51 million. His complaint included 2 more respondents: Vice-mayor Maning Rasuman (brother) and Jerome Rasuman (brother).

These cases are in addition to the case earlier filed against Rasuman and 10 others, also, in Cagayan De Oro City.

Syndicated estafa is a non-bailable offense.