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‘Volcano waiting to explode’ in Marawi City

05:46 AM November 23, 2012

Despite the seeming peace in Marawi City, the situation is “volatile and could explode anytime if the Coco Rasuman issue is not addressed,” according to victims of the Jachob “Coco” Rasuman pyramiding scam.

Johary Diampuan, who acted as the spokesperson for the group of Rasuman investors which met with Justice Secretary Leila de Lima Thursday, said they are worried that the government has been focusing its investigation only on the Aman Futures Group of Aman Amalillio.

“We are worried that efforts of investigation are centered on Aman when the Rasuman case involved more victims and bigger investments,” Diampuan said in a phone interview.


Rasuman, an Iligan City-based businessman, operated a “double-your-money” investment scheme in Lanao that collapsed last July after it failed to pay its investors.

He said the group was asking De Lima to monitor the situation in Marawi City which he said was about to explode.

“It’s like a volcano waiting to explode, the people are restive and agitated that they feel they will not be paid by the Rasuman come February,” Diampuan said. Nancy C. Carvajal

Inquirer calls for support for the victims in Marawi City

Responding to appeals for help, the Philippine Daily Inquirer is extending its relief to victims of the attacks in Marawi City

Cash donations may be deposited in the Inquirer Foundation Corp. Banco De Oro (BDO) Current Account No: 007960018860.

Inquiries may be addressed to Inquirer’s Corporate Affairs office through Connie Kalagayan at 897-4426, and Bianca Kasilag-Macahilig at 897-8808 local 352,

For donation from overseas:

Inquirer Foundation Corp account:

Inquirer Foundation Corp. Banco De Oro (BDO) Current Account No: 007960018860

Swift Code: BNORPHMM

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TAGS: Coco Rasuman, Investment Scheme, Marawi City, Mindanao, Pyramid Scam
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