MANILA, Philippines–Pagadian City Mayor Samuel Co and his wife Priscilla appeared at the Department of Justice on Tuesday to answer the allegations in the syndicated estafa cases filed against them in connection with the Aman Futures pyramiding scam.
Co told reporters that the cases filed against him and his wife is intended solely to besmirch his reputation. Co, a member of the ruling Liberal Party, is running for a congressional post in this year’s midterm elections.
In their counter-affidavit, the couple denied allegations that they received money from investors in the Aman Futures investment scam.
They also denied some of the complainants’ claims that some investors deposited their investments in Mrs. Co’s bank account.
On complaint questioning the taxes paid by Aman to the local government, Co said the local government does not collect income taxes and the local government has receipts of all license fees paid by Aman.
The DoJ has submitted for resolution the cases against the couple.