Justice Secretary Jesus Crispin Remulla on Tuesday ordered prosecutors to look closely at the complaint filed against the Maria Francesca Tan Group of Companies Inc. and Foundry Ventures I Inc. over an illegal investment scheme.Remulla issued the remark as the DOJ held its first preliminary investigation into the complaint filed by the Securities and Exchange Commission .
It said these were executed without proper documentation and registration with the SEC.During the preliminary probe, the DOJ panel of prosecutors approved the respondents’ motion for extension in filing their counter-affidavits. “None of the respondents submitted their counter-affidavits today and requested through counsel for an extension to file a counter-affidavit.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MlaStandard - 🏆 20. / 55 Read more »