Prelim probe on Legacy this week
Written by Joel San Juan / Reporter
March 8, 2009
PARENTS Enabling Parents Coalition (PEP) president Philip Piccio has vowed to file various criminal charges against Legacy owner Celso de los Angeles after two of his former employees came out to shed light on how he managed to siphon off the multibillion-peso funds of investors and preneed plan holders.
Piccio, in an interview, said they are now scrutinizing and organizing the documents to be presented as evidence against de los Angeles and his alleged cohorts.
The documents, which are in the possession of Legacy fund mess witnesses Namnama Santos and Carol Hinola, will be forwarded to the office of Justice Secretary Raul Gonzalez for investigation.
Piccio said Gonzalez asked him to immediately submit the documents to the Department of Justice (DOJ) to prevent de los Angeles or his allies from taking hold of them.
Piccio said it will take them several days to sort out the documents and vouchers showing Legacy’s transactions. He said de los Angeles told Hinola and Namnama to hide the documents.
Namnama and Hinola, who insisted they were just mere employees of the Legacy Group, are set to testify today at the Senate on Legacy’s financial collapse.
Several syndicated estafa cases and violation of the Securities Regulation Code, falsification of public and commercial documents have already been filed before the DOJ against de los Angeles and other officers of companies affiliated under the Legacy Group. Provincial Prosecutor Emmanuel Velasco, chairman of the panel tasked to investigate the Legacy fund mess, is set to conduct his preliminary investigation on the complaints filed before the DOJ within the week.
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