‘Volcano waiting to explode’ in Marawi City


05:46 AM November 23rd, 2012

November 23rd, 2012 05:46 AM

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

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