‘All cases filed against me have been dismissed,’ Maharlika chief | Inquirer News

‘All cases filed against me have been dismissed,’ Maharlika chief

By: - Reporter / @JMangaluzINQ
/ 11:50 PM November 14, 2023

Rafael Consing Jr.

MIC President and CEO Rafael Consing Jr. (INQUIRER FILE PHOTO)

MANILA, Philippines —  “All cases filed against me have been dismissed,” newly appointed Maharlika Investment Corp. (MIC) President and CEO Rafael D. Consing Jr. said on Tuesday.

That was his brief answer when asked by reporters about his being a respondent in a fraud case.


Consing did not mention a specific case in his response. But General Register No. 161075, dated July 15, 2013, shows that Rafael Jose Consing Jr. and his mother, Cecilia de la Cruz, had been involved in an estafa case.


READ: Maharlika CEO Rafael Consing Jr. an ‘accomplished executive’

Meanwhile, INQUIRER.net asked Malacañang to comment on the case as this might be cause for disqualification from the MIC. As of this writing, the Palace has not replied.

According to the implementing rules and regulations of the Maharlika Investment Fund Act, MIC directors can be disqualified for the following reasons:

  • If five years before their appointment they were “convicted by final judgment of an offense punishable by imprisonment for a period exceeding six years.”
  • If they are found administratively liable for fraud, or if they are convicted by local and foreign courts for similar acts.
  • If they have “a pending administrative, civil or criminal case relating to plunder, corrupt practices, money laundering, tax evasion, or any similar crimes involving misuse of money or breach of trust.”
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TAGS: Maharlika Investment Corp., Maharlika Investment Fund, Rafael Consing Jr.

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