Pasikatan ba ang labanan sa Politika...?
The Legacy Group’s 13 rural banks, which have a combined deposit of P14.03 billion closed just before Christmas last year for being insolvent.
Legacy’s pre-need firms that have some 50,000 plan holders have also ceased operations. Legacy Group founder Celso De Los Angeles Jr., a mayor of Santo Domingo, Albay has likewise been selling properties following the collapse of his businesses.
Concerned residents of Santo Domingo are calling on the provincial government to check on rumors their municipal hall is now up for sale. (huuh!)
Celso De Los Angeles Jr. admitted that Legacy owed investors 1 billion pesos to pay back the “principal,” which would balloon to 2.5 billion pesos based on the arrangement that the company would double their money.
Asked by reporters how Legacy would pay its obligations, De los Angeles said, “Give me six more terms as mayor.” (kapal)
The Bangko Sentral ng Pilipinas branded the Legacy Group of Companies owned by Celso de los Angeles as an organized syndicate, probably the second largest of its kind ..... NEXT ONLY TO PHILIPPINE CONGRESS...
ang hindi sikat... mahinang mangurakot...
