Celso attests city gov’t has not invested in Aman scam PDF Print E-mail
Monday, 19 November 2012 14:27

Mayor Celso Lobregat on Friday issued a certification of non-investment of public funds in the Aman Futures Group Philippines, Inc. a bogus company in Pagadian City that ran away with more or less P12 billion in funds invested by mostly government workers and even some local government units.

Lobregat together with Assistant City Treasurer Reynaldo Aguidan, issued the certification per request from the Department of Interior and Local Government (DILG) for all local government units to disclose any investment or deposits made in favor of the bogus company.

“We hereby certify that we have not invested moneys or funds of the City Government of Zamboanga in the Aman Futures Group Philippines, Inc.”, Lobregat and Aguidan said in the certification. “This certification is issued to attest to the fact that no checks, moneys or funds of the City Government of Zamboanga has been used to deposit, invest or issued in favor of the Amman Group”.

Lobregat said the City Government also commits its full support and cooperation to any investigation being conducted or to be conducted by the DILG, Department of Justice or Department of Finance and other government agencies tasked or to be tasked by the Office of the President.

The Pagadian pyramiding scam that has gained worldwide attention was one of the agenda tackled during the City Peace and Order Council (CPOC) meeting called by Lobregat Saturday morning in City Hall.

In a press briefing after the meeting, Lobregat said it was reported that some LGUs may have invested or placed money into the Amman Futures Group which is why the required certification by the DILG. “But definitely not the City of Zamboanga”.

The CPOC chairman also emphasized that the City Government has not issued any permit for operation of such a business group in Zamboanga City.

He said however that certain individuals from Zamboanga City have invested in the bogus company in Pagadian City. “It is a very unfortunate incident that people started to borrow to invest in the company which turned out to be a scam”.

An estimated P10-12 billion are involved in the illegal activity and that all the victims have been advised to file the proper charges against those who duped them. — Sheila Covarrubias