The Philippine Deposit Insurance Corporation (PDIC), statutory receiver of the closed Rural Bank of Bacolor, Inc. (RBBI) in Pampanga, filed on October 18 with the Department of Justice (DOJ) a criminal complaint for large scale estafa, in violation of the Revised Penal Code, against three of the bank’s former officers, including the President, and a relative of RBBI’s controlling stockholders. The Monetary Board placed the Rural Bank of Bacolor under PDIC receivership on January 8, 2009. The bank had three banking units located in Bacolor, Madapdap and Sindalan, Pampanga.
Read MoreIntent on streamlining and improving processes at the Finance department, Secretary Cesar Purisima recently issued an order to form management clusters in the Department of Finance to strictly enforce the agency’s varied functions.
Read MoreThe Bureau of Internal Revenue (BIR) today filed two (2) criminal complaints with the Department of Justice against ERWIN V. SALAVERIA and PORTIA Y. GONZALES for Willful Failure to make/file Income Tax Return and pay tax for taxable year 2012, in violation of Section 255 of the National Internal RevenueCode of 1997, as amended (Tax Code).
Read MoreThe Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against RED FOX SECURITY, INC. (RED FOX) and its responsible corporate officers President FELIPE J. PACLEB and Treasurer PEDRO T. CEZAR for three (3) counts of Willful Attempt to Evade or Defeat the Payment of Income Tax for taxable years 2008 to 2010 and three (3) counts of Deliberate Failure to Supply Correct and Accurate Information for taxable years 2008 to 2010, all in violation of Sections 254 and 255 in relation to Sections 253 and 256 of the National Internal Revenue Code of 1997, as amended (Tax Code).
Read MoreThe Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against SHANK KAYE (KAYE) for Willful Attempt to Evade or Defeat Tax, Deliberate Failure to Make a Return, Willful Failure to Withhold and Remit Tax, and for Use of Fake BIR Certificate Authorizing Registration (CAR) and Tax Clearance Certificate (TCC), in violation of Section 251, 254, Section 255 (in relation to Section 28(B), 196 and 200), and Section 257 of the NationalInternal Revenue Code of 1997, as amended (Tax Code).
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