Quantcast
Latest Stories

Lanao Sur ‘highly volatile,’ say police

By

ZAMBOANGA CITY—Security forces in Lanao del Sur see the situation brought about by the collapse of the Jachob “Coco” Rasuman financial scheme as “highly volatile.”

Senior Superintendent Romeo Magsalos, Lanao del Sur police chief, said in a phone interview that although the investors’ “emotions have been contained,” they still consider the situation “highly volatile.”

Brig. Gen. Daniel Lucero, chief of the 103rd Army Brigade, agreed. “We have been prepared since July. We know the peculiar culture of the Maranao and that is the reason local government units, along with the security forces, created a crisis committee, to effectively handle the case. We want to avoid clashes among the Maranao,” Lucero explained. Most of the investors are Maranao people.

“Rasuman is not hiding. In fact, he made some pronouncements several times that he’ll return the investments by February. The authorities just beefed up security and we have asked the people to calm down. The investors are looking at Rasuman’s assurance with an iota of hope. They hope they can retrieve their investments,” he said.

Magsalos also denied reports that Rasuman is under police custody. “There’s no case filed against him, and we cannot arrest him unless we are ready to be charged with arbitrary arrest or detention,” Magsalos said.

He said Rasuman opted for “voluntary custody” with the technical working unit of the provincial crisis management committee. The committee is headed by Lanao del Sur Gov. Mamintal Adiong.

Danny Dimaporo of the provincial crisis management committee said that as of

Aug. 21, a total of 323 claims against Rasuman, amounting to nearly P1.13 billion, had been recorded.

“If investors want to see Rasuman, they have to seek permission from the technical working group,” he said.

He added that violent incidents between investors and Rasuman’s agents have been “contained after Rasuman appeared on television and radio seeking understanding and airing his personal apology.”

“We are trying to secure any possible situation that may erupt,” Magsalos said.

Magsalos also denied reports that an agent was shot or  killed in Marawi City. “If someone has been shot, that has nothing to do with the Rasuman case,” he said.

In Cebu, the city treasurer’s office (CTO) will revoke the temporary business permit granted to the Cebu office of Aman Futures Group Inc., a trading firm involved in a P12-billion Ponzi scheme that victimized more than 15,000 people from the Visayas and Mindanao.

City treasurer Emma Villarete said Aman Futures had failed to comply with the requirements for the issuance of a permanent business permit after it was issued a temporary business permit on Sept. 28.

“I already sent a letter to [Cebu City] Mayor Michael Rama [seeking permission] to revoke the business permit issued to Aman Futures for noncompliance with regulatory policy,” she said.

Another option is for the CTO to issue a notice of noncompliance to the requirements, which could lead to the closure of the business.

Villarete said Aman Futures applied for a business permit on July 25 indicating online marketing services as the nature of its business. It was issued a temporary business permit on Sept. 28, which was supposed to be valid for only 30 days to give them time to comply with the requirements for the permanent business permit.

Villarete said CTO inspectors visited  Aman Futures’ office at Keppel Building but it was already empty.

In  October, the Securities and Exchange Commission  issued a cease-and-desist order against Aman Futures to stop offering unregistered securities, soliciting investments or pooling funds.

The Department of Justice has summoned the officers of the firm involved in the scam that lured victims to invest their savings in the double-your-money scheme.

Eight complainants in Cebu had completed the  requirements for the filing of a syndicated estafa case against Aman Futures, said  Eduard Villarta, Central Visayas director of the National Bureau of Investigation. Reports from Julie S. Alipala, Inquirer Mindanao, and  Doris C. Bongcac, Inquirer Visayas


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Aman Futures , Crime , money fraud , News , Pyramid Scam , rasuman financial scheme , Regions




Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. Fr. Suarez says last Mass on Easter before returning donated land to San Miguel
  2. Chinese lawyers say they were tortured by police
  3. Hair salon’s Kim Jong Un poster riles embassy
  4. Siquijor ‘healer’: For every cure, there’s a plant
  5. Why college grads end up in the PNP
  6. Miraculous image makes Gapan City top site for pilgrimage in Central Luzon
  7. I’ll follow my conscience on Estrada, says JV Ejercito
  8. Five men from Cavite found dead in jeep in Batangas
  9. Town, DENR play tug-of-war over crocodile
  10. Suspect in Vhong Navarro mauling tries to leave PH
  1. Suspect in Vhong Navarro mauling tries to leave PH
  2. Massage attendant arrested on rape complaint filed by Japanese tourist
  3. ‘Tell no one’ Makati bettor won P250M lotto
  4. MH370 co-pilot made mid-flight phone call – report
  5. Netizens cry: 6/55 Lotto was rigged
  6. ‘Wife of Jesus’ theory papyrus not fake – Harvard study
  7. North Korea uses flamethrower to execute official
  8. ‘King’ Yabut and I: Driver bares Makati dad ‘abuses’
  9. Gay college instructor arrested for oral sex with student
  10. It was difficult having Japanese blood
  1. KL confirms Malaysian Airlines Flight MH370 ended in Indian Ocean
  2. MRT passengers pass the hat for 6-year-old Ashley
  3. Pork payoffs to newscasters Erwin Tulfo, Del Prado, others bared
  4. UP back on top as ‘average’ student aces bar
  5. Rookie, lady cops lauded for quick response to MOA heist
  6. Model Helena Belmonte wished ‘to slash her wrist and hope to die’
  7. Malaysia averts another air tragedy; pilot lands troubled plane safely
  8. Revilla says he was joking; Lacson stands by his story
  9. Revilla ‘consulted’ Lacson on how he evaded arrest
  10. Police rule out foul play in Helena Belmonte’s death as boyfriend is ‘traumatized’
Advertisement

News

  • AFP denies hand in disappearance of Tiamzon’s gardener
  • PH gov’t to verify MILF presence in Basilan clash
  • Padaca ‘eager’ to air side on trial over graft, malversation raps
  • DPWH to favor road rehab over preventive maintenance in next 2 years
  • Uruguay’s leader declares $322,883 in wealth
  • Sports

  • Power Pinoys salvage 7th place in Asian men’s volley club championship
  • Knicks prevent Nets from clinching fifth seed
  • Arsenal beats West Ham 3-1 in Premier League
  • Memorial service marks Hillsborough anniversary
  • My ideal weight is 140, declares Pacquiao
  • Lifestyle

  • Celebrate Easter Sunday at Buddha-Bar Manila
  • Moriones feast: A slow, steady transformation
  • Weaving ‘palaspas’ a tradition kept alive in Tayabas City
  • Finalists announced for best translated books
  • Summer treat for your aspiring astronomers
  • Entertainment

  • Deniece Cornejo posts bail—report
  • Miley Cyrus hospitalized, cancels US concert
  • Otaku Summer Jam 2014: Summer’s hottest J-rock/Cosplay event
  • 2NE1 returns to Manila with “All Or Nothing” Tour
  • Gary Valenciano just keeps moving
  • Business

  • I-Remit teams up with Lakhoo for remittances from Oman
  • Megawide nets P1.4 B in 2013
  • Longer TRO sought on rate hike
  • Make a stylish statement with the all-new Yaris
  • Hearing set in Olarte case
  • Technology

  • Smart phone apps and sites perfect for the Holy Week
  • Tech company: Change passwords or suffer ‘Heartbleed’
  • Filling the digital talent gap
  • SSS to shut down website for Holy Week
  • Another reason to quit social media this Holy Week: your safety
  • Opinion

  • We may never know
  • Couple of things
  • Mommy D’s magic
  • Stop bizarre and bloody Good Friday rituals
  • Holy Week taboos
  • Global Nation

  • 2 PCG men ordered arrested over Balintang Channel shooting
  • US Embassy closed on Holy Thursday, Good Friday
  • Relief worker draws inspiration from helping Yolanda victims
  • Philippines says peace pact should hold despite clashes
  • No travel restrictions to Middle East amid MERS-CoV scare
  • Marketplace
    Advertisement