The lawyer of Pagadian City Mayor Samuel Co on Wednesday questioned the Department of Justice’s (DOJ) proceedings that led to issuance by a court of an arrest warrant against the local executive for alleged involvement in the multibillion-peso investment scam perpetrated by Aman Futures Inc.
Justice Secretary Leila De Lima warned that anyone coddling Pagadian City Mayor Samuel Co who has a pending warrant of arrest for syndicated estafa will also face criminal prosecution.
Adela (not her real name) waited an hour and a half on a sofa along a hotel corridor while assistants of a foreign jewelry buyer went out to withdraw cash to purchase items from another seller who came before her.
Pagadian City Mayor Samuel Co through his lawyers on Friday contested the arrest warrant issued against him by the Iligan City Regional Trial Court.
Alleged victims of the infamous Rasuman pyramiding scam trooped to the Pasay City police headquarters following the arrest of Princess Tomawis Rasuman, wife of the alleged mastermind of the rip-off.
Suspected investment scam leader Jacob “Coco” Rasuman on Monday appeared for the first time since his arrest in November at the Department of Justice to subscribe to his counter-affidavits in 15 more syndicated estafa cases filed against him and his family.
Jachob “Coco” Rasuman, the suspected leader of another investment scam group, on Monday denied the allegation of syndicated estafa filed against him by some 15 complainants.
The Department of Justice ordered the filing of syndicated estafa case against Pagadian City Mayor Samuel Co and several others including Aman Futures founder Manuel Amalilio in connection with one of the country’s biggest pyramiding scheme.
The blowback over a multibillion-peso pyramiding scam in Mindanao has taken an ominous turn after the brother-in-law of Jachob “Coco” Rasuman, the alleged brains of the Lanao del Sur-based investment scheme, was kidnapped by a group of armed men who are believed to be acting for victims who lost money in the Ponzi fraud.
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.
Even if there is no certainty when Aman Futures Group head Manuel Amalilio will be back, another complaint for syndicated estafa has been filed against him and other Aman officials in Iligan City.
Pagadian City Mayor Samuel Co insisted anew that he has no involvement in the operations of Aman Futures Investment, the company tagged in the biggest pyramiding scheme in the country.
Justice Secretary Leila De Lima assured on Monday that they will not play politics in resolving the complaint against Pagadian City Mayor Samuel Co, who is running for Congress under the President Benigno Aquino III’s Liberal Party.
