Businessman arrested for fraud in Philippines
|
| Posted
:
Mon, 13 Jul 2009 10:41:38 GMT |
| By
:
DPA |
| Category
:
Business |
| News Alerts by
Email ( click
here ) |
|
|
|
|
|
Manila - A wealthy businessman was arrested Monday in Manila on charges of large-scale fraud, a non-bailable offence. Police arrested Celso de Los Angeles during a checkup at St Luke's Medical Centre in the capital's suburb of Quezon City. De Los Angeles was a target of a senate investigation earlier this year after his Legacy group of companies went bankrupt allegedly due to unsound business practices and violations of banking laws. De Los Angeles, who is the incumbent mayor of Santo Domingo town in the eastern province of Albay, was also accused of misusing the funds of his companies.
Copyright DPA
|
|
|
|
|
|
Related News
Czech premier proposes central bank chief for EU executive
Prague - Czech Prime Minister Jan Fischer proposed Zdenek Tuma, the governor of the Czech National Bank, for a post in the European Commission, the premier's office said Sunday. Fischer has said that he would select the Czech Republic's candidate for...
Myanmar expects to export 1 million tons of rice this fiscal year
Yangon - Myanmar exported 670,000 tons of rice in the fiscal year that ended March 31 despite the devastation wrought by Cyclone Nargis and expected to export up to 1 million tons this fiscal year, media reports said Sunday. The export volume of ric...
Indonesian maids outnumber Filipinos in Hong Kong for first time
Hong Kong - Filipino maids in Hong Kong are outnumbered for the first time by domestic helpers from Indonesia, according to government figures published Sunday. The number of Indonesian maids in the wealthy former British colony is now more than 130,...
Economic woes cost German employment agency billions
Nuremberg - The German employment agency will need to plug a funding hole of 16 billion euros (24 billion dollars) in 2010, an agency spokeswoman said on Saturday, confirming a media report. Job losses resulting from the economic crisis meant the agen...
Brown proposes financial market tax at G20 meeting - 2nd Update
St Andrews, Scotland - British Prime Minister Gordon Brown urged finance ministers from the world's 20 leading economies meeting Saturday to consider imposing a tax on financial transactions to help head off future global economic crises. It cannot ...
Head of GM Europe may switch to India's Tata: media reports
Frankfurt, Germany - The European chief of General Motors (GM), Carl-Peter Forster, may switch to Indian car manufacturer Tata, German media reported Saturday. Forster, 55, is quitting GM after strongly criticizing the Detroit-based car giant's surpr...
Economic recovery, climate change tops G20 meeting
St Andrews, Scotland - Finance ministers from the world's 20 leading economies are meeting in the Scottish golf resort of St Andrews Saturday to review the state of the global economy amid signs of a tentative recovery from its biggest slump in a gen...
|
|
|
|
|
| |
|
Allegation of Fraud by Pinoy Businessman/Mayor
By:
Agent of Truth ,
Mon, 13 Jul 2009 14:21:22 GMT
|
|
Well, this business as usual in the Philippines.
That is, bribes, corruptions and fraud
|
|
|
|
|
