Quantcast
Latest Stories

Mayor files complaint against Amalilio

By

PAGADIAN CITY—Mayor Samuel Co, in an apparent bid to project himself as among the victims and not a conspirator in the Aman scam, filed a complaint against those behind the activity in the city prosecutor’s office here.

Leading the list of people that Co had filed a complaint against, following Monday’s preliminary investigation conducted by a panel of prosecutors under the Department of Justice (DOJ), was Manuel Amalilio, the Malaysian-Filipino head of Aman Futures Group.

Aside from Co’s complaint sheet, the panel of prosecutors, headed by Senior Assistant State Prosecutor Edna Valenzuela, also received similar documents from 15 other Aman victims.

Co said it was up to the DOJ to determine if he was a victim as he had claimed or a conspirator as some witnesses had insisted.

Justice Secretary Leila de Lima had said that documents seized by National Bureau of Investigation agents from Aman’s office here last month indicated that Co played a major role in the P12-billion scam, which victimized about 15,000 people, including those from poor communities.

Also, Maria Dona Coyme, an alleged financier of Aman, had claimed that Co and his wife Pricilla Ann had solicited investments in behalf of the Ponzi scheme firm.

Because of this, De Lima ordered that charges be filed against Co and his wife.

In November, the DOJ formally received complaints against the Cos, which were filed by at least three victims.

“I was wondering why I am being singled out in an investigation conducted by the National Bureau of Investigation here. I believe it is politically motivated,” Co had said in reaction to the charges.

Co, a Liberal Party stalwart, is pitted against former Zamboanga del Sur Gov. Aurora Cerilles in next year’s mayoral race.

The Court of Appeals, acting on a supplemental petition filed on Dec. 7 by the Anti-Money Laundering Council (AMLC), later issued an order freezing 108 bank accounts belonging to the Co couple.

Julia Bacay-Abad, Anti-Money Laundering Council deputy director, had told the House committee on banks and financial intermediaries that the AMLC was trying to find out the total amount involved in the bank accounts.

While denying complicity in the scam, Co has admitted that he had worked to legalize Aman’s operation in Pagadian.

In fact, Co said he had met with some Aman officials to ask them for supporting documents.

“If only to protect the investing public of their considerable investments, during the interim of the submission of the required secondary permit, the Permits and Licensing Division recommended the issuance of a temporary permit valid only for 60 days,” a statement that Co issued to the DOJ in November read.

In the same statement, Co also admitted meeting Amalilio at the mayor’s office in July. During that meeting, he said Amalilio, who had shown him incorporation papers approved by the Securities and Exchange Commission, had briefed him about Aman and its operation.

Co said he later invested in Aman using the account names Bo’s Coffee (P3.26 million) and Max’s Chicken (P3.2 million).

Aman started defaulting in October.

In the aftermath of Aman’s collapse, Co admitted having distributed checks that Coyme had turned over to him.

“I allowed the issuance of checks,” he admitted. “There were people who lost their money. I had to recover something to give to my people… I took the chance to distribute all the checks at the heart of city hall,” he had said.


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 Group , Aman Futures scam , Aman scam , Aman Victims , investment scam , Pagadian City




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
Advertisement

News

  • Drilon calls for sobriety as mudslinging, witch hunts loom due to pork scam
  • S. Korea ferry toll hits 150 as search gets tougher
  • If Napoles names Aquino allies, they’ll be brought to bar of justice – Palace
  • Lacson says diamond-studded earring snatched from wife fake
  • Pope John XXIII launched Vatican II and then some
  • Sports

  • Wizards beat Bulls in OT to take 2-0 series lead
  • Pacers rally past Hawks 101-85 to even series
  • David Moyes out as Manchester United manager
  • Nadal to face fellow Spaniard at Barcelona Open
  • Defensive Chelsea holds Atletico in scoreless draw
  • Lifestyle

  • Haneda International Airport: A destination on its own
  • Wanted: Beauty queen with a heart that beats for the environment
  • Kim Atienza: At home with art and design
  • Life lessons I want to teach my son
  • Sweet party for Andi Manzano
  • Entertainment

  • Ex-Fox exec denies allegations in sex abuse suit
  • Kris Aquino backtracks, says Herbert Bautista and her are ‘best friends’
  • Summer preview: Chris Pratt enters a new ‘Galaxy’
  • Bon Jovi helps open low-income housing in US
  • Summer movie preview: Bay reboots ‘Transformers’
  • Business

  • McDonald’s 1Q profit slips as US sales decline
  • SEC approves SM’s P15B retail bond offer
  • $103M Vista Land bonds tendered for redemption
  • Oil slips to $102 as US crude supplies seen rising
  • SC stops Meralco power rate hike anew
  • Technology

  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Brazil passes trailblazing Internet privacy law
  • New York police Twitter campaign backfires badly
  • Opinion

  • One-dimensional diplomacy: A cost-benefit analysis of Manila’s security deal with Washington
  • No ordinary illness
  • Reforest mountains with fire trees and their kind
  • Day of the Earth
  • When will Chinese firm deliver new coaches?
  • Global Nation

  • No word yet on inking of US-PH defense pact during Obama visit
  • Filipina, 51, shot dead by 24-year-old American boyfriend
  • China, rivals sign pact to ease maritime tensions
  • Visa-free US trip? Do not believe it, says consulate
  • Obama visit to Asia seen as counterweight to China
  • Marketplace
    Advertisement