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                    [ArticleID] => 193602
                    [Title] => SEC, BIR urged to probe investment plans offering ‘incredibly high’ returns
                    [Summary] => Senate Majority Leader Loren Legarda has urged the Securities and Exchange Commission and the Bureau of Internal Revenue to crack down on the promoters of dubious investment schemes that have been boldly putting up newspaper paid advertisements offering "incredibly high" returns.


Legarda cited the case of one scheme enticing investors with at least P50,000 to invest in a "special savings program" that earns 10 percent per month or 120 percent per annum.


                    [DatePublished] => 2003-01-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Business
                    [SectionUrl] => business
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                (
                    [ArticleID] => 184970
                    [Title] => SEC files criminal charge against Multitel owners
                    [Summary] => The Securities and Exchange Commission filed before the Makati Prosecutors Office yesterday a criminal complaint against the owners and certain officers of Multinational Telecom Investors Corp. and Multitel International Holdings Inc. led by Rosario and Saturnino Baladjay.


The Makati Prosecutors Office will conduct a preliminary investigation into the case to determine whether the charges levelled by the SEC against the officers of the Multitel Group have basis.


                    [DatePublished] => 2002-11-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 184582
                    [Title] => Multitel investors not likely to get their money back
                    [Summary] => The Securities and Exchange Commission has expressed doubts whether investors of Multinational Telecom Investors Corp. (Multitel) could still recover their investments from the company due to the repeated failure by management to pay back investors’ claims and the fact that the firm’s owners are nowhere to be found.


                    [DatePublished] => 2002-11-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 179803
                    [Title] => SEC denies having taken any cash during Multitel raid
                    [Summary] => The Securities and Exchange Commission (SEC) said it did not take any money from Multitel International Holdings Inc. (MIHI) during a raid conducted in the latter’s office two weeks ago.


The SEC issued this statement in response to allegations that the corporate watchdog agency had seized cash from MIHI, forcing the holding firm to stop paying back its investors.


                    [DatePublished] => 2002-10-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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MULTITEL INTERNATIONAL HOLDINGS INC

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                    [ArticleID] => 193602
                    [Title] => SEC, BIR urged to probe investment plans offering ‘incredibly high’ returns
                    [Summary] => Senate Majority Leader Loren Legarda has urged the Securities and Exchange Commission and the Bureau of Internal Revenue to crack down on the promoters of dubious investment schemes that have been boldly putting up newspaper paid advertisements offering "incredibly high" returns.


Legarda cited the case of one scheme enticing investors with at least P50,000 to invest in a "special savings program" that earns 10 percent per month or 120 percent per annum.


                    [DatePublished] => 2003-01-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 184970
                    [Title] => SEC files criminal charge against Multitel owners
                    [Summary] => The Securities and Exchange Commission filed before the Makati Prosecutors Office yesterday a criminal complaint against the owners and certain officers of Multinational Telecom Investors Corp. and Multitel International Holdings Inc. led by Rosario and Saturnino Baladjay.


The Makati Prosecutors Office will conduct a preliminary investigation into the case to determine whether the charges levelled by the SEC against the officers of the Multitel Group have basis.


                    [DatePublished] => 2002-11-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 184582
                    [Title] => Multitel investors not likely to get their money back
                    [Summary] => The Securities and Exchange Commission has expressed doubts whether investors of Multinational Telecom Investors Corp. (Multitel) could still recover their investments from the company due to the repeated failure by management to pay back investors’ claims and the fact that the firm’s owners are nowhere to be found.


                    [DatePublished] => 2002-11-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 179803
                    [Title] => SEC denies having taken any cash during Multitel raid
                    [Summary] => The Securities and Exchange Commission (SEC) said it did not take any money from Multitel International Holdings Inc. (MIHI) during a raid conducted in the latter’s office two weeks ago.


The SEC issued this statement in response to allegations that the corporate watchdog agency had seized cash from MIHI, forcing the holding firm to stop paying back its investors.


                    [DatePublished] => 2002-10-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

SEC, BIR urged to probe investment plans offering ‘incredibly high’ returns

January 31, 2003 - 12:00am

Senate Majority Leader Loren Legarda has urged the Securities and Exchange Commission and the Bureau of Internal Revenue to crack down on the promoters of dubious investment schemes that have been boldly putting...

Business

SEC files criminal charge against Multitel owners

By Zinnia B. Dela Peña | November 22, 2002 - 12:00am

The Securities and Exchange Commission filed before the Makati Prosecutors Office yesterday a criminal complaint against the owners and certain officers of Multinational Telecom Investors Corp. and Multitel International...

Business

Multitel investors not likely to get their money back

By Zinnia B. Dela Peña | November 19, 2002 - 12:00am

The Securities and Exchange Commission has expressed doubts whether investors of Multinational Telecom Investors Corp. (Multitel) could still recover their investments from the company due to the repeated failure...

Business

SEC denies having taken any cash during Multitel raid

October 14, 2002 - 12:00am

The Securities and Exchange Commission (SEC) said it did not take any money from Multitel International Holdings Inc. (MIHI) during a raid conducted in the latter’s office two weeks ago. The SEC issued this...

Business