SEC Commissioner Emilio Aquino stated the commission later found out that the certificate were faux.
“Representatives from the problem financial institution, in a letter to the SEC, categorically denied having issued the submitted financial institution certificates. It confirmed that the account numbers indicated in the bank deposit certificate had been not issued by means of the challenge bank since they use a special bank code,” the fee stated.
The SEC’s enforcement department filed earlier than the Office of the City Prosecutor of Pasay a criminal action for falsification of public and commercial documents below Article 172 of the Revised Penal Code and violation of Section 12 (three) (a) of the Lending Company Regulation Act or Republic Act (RA) 9474 towards the directors, officers, and stockholders of the applicants.
“We will prosecute those submitting fake financial institution certificate. The SEC shall be the complainant. For certain the SEC became indeed misled via the financial institution certificate as proof of paid-in capital,” Aquino stated.
The SEC stated it'd additionally revoke the certificate of incorporation or number one registration of companies observed to have submitted fake documents. The firms face a perpetual ban from setting up a lending organisation.
“We additionally plan to blacklist all organization service providers/facilitators who had a hand in filing these spurious files,” he brought.
Under Section 12 of RA 9474, violators maybe additionally be imposed a satisfactory starting from P10,000 to P50,000 or imprisonment of no longer less than six months however not more than 10 years, or each, at the discretion of the court.
“Representatives from the problem financial institution, in a letter to the SEC, categorically denied having issued the submitted financial institution certificates. It confirmed that the account numbers indicated in the bank deposit certificate had been not issued by means of the challenge bank since they use a special bank code,” the fee stated.
The SEC’s enforcement department filed earlier than the Office of the City Prosecutor of Pasay a criminal action for falsification of public and commercial documents below Article 172 of the Revised Penal Code and violation of Section 12 (three) (a) of the Lending Company Regulation Act or Republic Act (RA) 9474 towards the directors, officers, and stockholders of the applicants.
“We will prosecute those submitting fake financial institution certificate. The SEC shall be the complainant. For certain the SEC became indeed misled via the financial institution certificate as proof of paid-in capital,” Aquino stated.
The SEC stated it'd additionally revoke the certificate of incorporation or number one registration of companies observed to have submitted fake documents. The firms face a perpetual ban from setting up a lending organisation.
“We additionally plan to blacklist all organization service providers/facilitators who had a hand in filing these spurious files,” he brought.
Under Section 12 of RA 9474, violators maybe additionally be imposed a satisfactory starting from P10,000 to P50,000 or imprisonment of no longer less than six months however not more than 10 years, or each, at the discretion of the court.
No comments:
Post a Comment