Roxas yanks cops over Aman Futures scam

Posted at 11/15/12 9:47 PM

MANILA, Philippines – Interior and Local Government Secretary Mar Roxas has ordered the treasurers of local government units in Lanao del Sur and Zamboanga del Sur to submit their respective bank balances for examination.

This comes amid reports that public funds were also used to invest in Aman Futures, which allegedly duped individuals a total of P12 billion via a pyramid scheme.

Meanwhile, Roxas also relieved from their posts high-ranking police officials in Mindanao to avoid a whitewash in the ongoing police investigation into the P12 billion pyramiding scam involving Aman Futures.

“There will be new leadership on the ground to ensure the police are there to preserve peace and order and protect the innocent, not to protect perpetrators,” he said.

He said Zamboanga del Sur Provincial Philippine National Police (PNP) Director Senior Superintendent William T. Manzan and Pagadian City Chief of Police Superintendent Kenneth H. Mission have also been suspended for their negligence in stopping the operations of Aman Futures.

"This scam has been perpetrated beginning as early as February this year and there have been very loud indicators that this scam was happening. People were lining up as early as 2:00 in the morning to try to get in the premises of Aman," he said.

"The fact that there was no report that filtered up from the City PNP to the province to the region all the way to headquarters indicates, at the very least, negligence or laziness," Roxas added.

He said 21 other PNP officers who also supposedly invested in Aman were also recalled back to camp. He said this will ensure they don’t use their positions to retaliate.

“They have been recalled to camp to ensure they do not use uniforms and weapons to exact revenge,” he said.