Makati Prosecutor dismissed the Syndicated Estafa case filed against officers of Iligan Light & Power, Inc., and Mapalad Energy Generating Corporation
On August 14, 2018, the Office of the City Prosecutor of Makati dismissed the criminal complaint for syndicated estafa filed by Uriel Borja against Iligan Light & Power, Inc., executives Ralph B. Casiño and Milton U. Along along with Atty. Marcelino B. Agana IV, Engr. Lorimer T. Abejuela, and Andrew Harvey.
In resolving for dismissal, the Senior Assistant City Prosecutor Billy C. Evangelista per Resolution dated August 14, 2018 ruled:
A motion for reconsideration was filed by Uriel G. Borja but the same was meted with DENIAL per Order dated January 09, 2019.
This resolution renders baseless the assertions of Uriel G. Borja that the named respondents had employed, among others, false pretenses “in order to persuade the shareholders and directors of MEGC to agree in May 2011 to the acquisition of the Sumitomo power plants from CPL for $3.45 million xxx”
In resolving for dismissal, the Senior Assistant City Prosecutor Billy C. Evangelista per Resolution dated August 14, 2018 ruled:
“Considering that there is no estafa to begin with, with more reason that there can be no syndicated estafa, the former being an element of the latter.
WHEREFORE, premises considered, the complaint for syndicated estafa against Milton U. Along, Ralph B. Casiño, Marcelino B. Agana IV, Lorimer T. Abejuela and Andrew C. Harvey, is respectfully recommended to be, as upon approval it is hereby dismissed for insufficiency of evidence.”
WHEREFORE, premises considered, the complaint for syndicated estafa against Milton U. Along, Ralph B. Casiño, Marcelino B. Agana IV, Lorimer T. Abejuela and Andrew C. Harvey, is respectfully recommended to be, as upon approval it is hereby dismissed for insufficiency of evidence.”
A motion for reconsideration was filed by Uriel G. Borja but the same was meted with DENIAL per Order dated January 09, 2019.
This resolution renders baseless the assertions of Uriel G. Borja that the named respondents had employed, among others, false pretenses “in order to persuade the shareholders and directors of MEGC to agree in May 2011 to the acquisition of the Sumitomo power plants from CPL for $3.45 million xxx”
