NBI summons Pagadian mayor over scam

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MANILA, Philippines—The National Bureau of Investigation has issued a subpoena against Pagadian City Mayor Samuel Sy Co and his wife, Priscilla Ann, based on the syndicated estafa complaints filed by three of their alleged investors, a source from the bureau said.

“The summons were served by NBI agents from (Pagadian) City,” said the source who talked to the Inquirer on condition of anonymity.

Based on the sworn statement of complainants Johayr Lantong, Mohammed Hassan Mackno and Abdare Laningding of Marawi City, their total investment of more than P200 million was placed with Co’s company, the Aman Futures Group-Manila.

Other complainants earlier told the NBI that Co put up a similar double-your-money scheme after Manuel Amalilio’s company, Aman Futures Group, was shut down.

In their affidavit, the three complainants said they placed investments with Co’s company in September this year, on his promise of a 62-percent rate of return due October 12.

The complainants added that Co had told them the money would be invested in his various businesses that included the franchise of popular coffee shops, bake shops, pizza outlets, a rent-a-car business, outlet shops and trucking services.

 

Political connections

Lantong, who said he invested around P190 million, recalled in his statement how the mayor had boasted about his political connections during a meeting in Manila when the investor tried to get back his money.

“Co became angry and insinuate(d) that he is close to Interior Secretary Mar Roxas, Justice Secretary Leila de Lima and NBI Director Nonnatus Rojas as well as other NBI agents,” and that nobody could touch him, Lantong said in his statement.

The complainants recalled that during one meeting with Co, the mayor offered a 3-percent interest on their money instead of the 63 percent that he had earlier promised.

As part of the their complaint, the complainants submitted deposit slips, negotiated checks under Co’s account, and a computer printout bearing the logo Aman Futures Group-Manila that indicated the amount, maturity date and interest rate of the investment.

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  • doncleo

    Si Lantong daw nag invest ng 190Million kay Mayor Co at bibigyan sya ng 62% na tubo after 1 month lang..kung hindi ba naman sya bobo at ganid..  may negosyo ba na kumikita ng 62% a month?….may 190M ka na bakit mo pa invest? di sana nanahimik na lang sya at nilagay sa banko ang pera..maski na 1% lang ito sa banko may 1.9M na sya taon taon…ang tunay na negosyante di magpakawala ng 190M ng ganun-ganun na lang…saan kaya galing ang pera nya..

  • caloyski65

    190 million pesos ang pera nun isang negosyante…..ano kaya ang negosyo nun? DRUGS…. SMUGGLING….ILLEGAL GAMBLING….KIDNAPPING….ILLEGAL LOGGING….dapat ay imbestigahan din yan mga investors na yan dahil napakalaki ng mga pera nila…..

  • jamesgeorge

    Nag-away ang dalawang ganid! Si Mayor Co malaki ang kasalanan dito dapat yan suspendido agad ng DILG, pero mukang malakas nga dahil nagyayabang pa at kunwari biktima din sya! Kumita nayan mg malaki sa panghihikayat na mag-invest ng mga tao! In short, ginamit nya yung opisina nya sa kabulastugan!!! Syndicated estafa? No bail yan mayor Co! Patay ka ngayon!

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