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Meralco also questioned how a syndicated estafa case can arise when it has already announced and committed that it will be refunding to customers who paid meter deposit principals plus interest months ahead of the ERC prescribed schedule and has allocated enough funds for the said refund. Meralco is also involved in the GSIS-Meralco bribery case.
The scandal originated from the Meralco and GSIS row after Sabio—in a letter-complaint against Justices Vicente Roxas and Bienvenido Reyes—complained of the circumstances that he was removed from the GSIS–Meralco case after a standard court reorganization, and an alleged bribe attempt by Manolo Lopez and Meralco in consideration for him ...
October 21, 1953 (age 70) Philippines. Alma mater. University of the Philippines College of Law. Ateneo de Manila University. Profession. Lawyer. Simeon V. Marcelo (born October 21, 1953) is a Filipino lawyer and was the third Ombudsman of the Philippines. As the Ombudsman, he acted as protector of the people against the illegal and unjust acts ...
It posted a net income of P 3.61 billion in 2007. tradingmarkets.com, Meralco giving shareholders P1.1-billion cash bonus, to pay P558 million Tuesday Meralco and National Transmission Corporation (Napocor) blamed each other in high power rates. Meralco submitted reasons for higher power rates: high power generation costs, high transmission ...
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Multi-level marketing / Pyramid scheme. Aman Futures Group (simply referred as Aman Futures) was an investment and privately held company based in Malaysia with branches in the Philippines. [1] It has also been allegedly engaged in a pyramid scheme. [2] [3] The group was founded by Manuel K. Amalilio, a Filipino of Malaysian descent.
1860s. Jacob Young, William Abrams, and Nancy Clem ran what author Wendy Gamber argues, in her book The Notorious Mrs. Clem: Murder and Money in the Gilded Age, was the first-ever Ponzi scheme. [ 1][ 2] In Munich, Germany, Adele Spitzeder founded the "Spitzedersche Privatbank" in 1869, promising an interest rate of 10 percent per month.
MFI Foundation Inc. (formerly Meralco Foundation, Inc.) is a non-stock, non-profit science foundation based in Pasig, Metro Manila, Philippines. The MFI Farm Business Institute at Jalajala is located at the MFI Technological Institute at Ortigas Campus, the MFI Technological Institute at Pasay Taft Campus, and the MFI Technological Institute at Ortigas Campus of MFI.