The Philippine National Police
MANILA, Philippines — The police have arrested a former resort hotel employee for swindling a company engaged in the wholesale distribution of electronic parts and communications equipment worth P12 million.
The arrested was identified as Regina Reyes, while her co-accused, businessman Lavish Mohan Paryani, remains at large.
The Regional Trial Court of Pasay City issued an arrest warrant against the suspects last October 11 after the Pasay City Prosecutor’s Office indicted them.
The case was filed by businessman Rajiv Chandiramani, one of the principal stockholders of RTI Inc. The company is engaged in wholesale trading of electronic goods and merchandise.
The case stemmed from a meeting between Chandiramani, Paryani, and representatives of another trading firm, including Reyes, who claimed to have business dealings with the resort hotel for the supply of premium products being used as prizes to its patrons and guests.
After several negotiations, a P12-million plus interest procurement loan was granted.
RTI, however, could no longer contact the trading firm and discovered that the bank account which the check was supposed to be drawn from had already been closed.
In her counter-affidavit, Reyes denied being present during the April 4 meeting with RTI officials and being part of Ley Lahs.
Paryani, on the other hand, failed to submit his counter-affidavit despite a subpoena issued against him.
The city prosecutor held that the evidence submitted by the complainant was sufficient to establish prima facie evidence to charge the respondents for estafa.
“It is the criminal fraud or deceit in the issuance of a check which is made punishable under the Revised Penal Code, and non-payment of a debt,” the resolution read.
“The postdating or issuing of a check in payment of an obligation when the offender had no funds in the bank, or his funds deposited therein are not sufficient to cover the amount of the check is a false pretense or a fraudulent act,” it added.