Tuesday, April 2, 2013

Sammy Co still free to campaign


Incumbent city Mayor Samuel Co is still at liberty to roam around and campaign for representative of the first district of Zamboanga del Sur.

Co’s counsel, Atty. Angel Gatmaitan, said they have asked the Iligan RTC Branch-1 to hold the proceedings of the syndicated estafa against the mayor.

It also asked the court to defer its warrant of arrest and arraignment.

Co, one of the respondents in the charge filed by a certain Julius Labunog, was alleged to have defrauded people of some P29.63 million

The complainant cited Co’s involvement in Aman Futures Trading as he allegedly issued a temporary business permit to the mentioned firm even before the company submitted its documents certifying its legal registration with the Securities and Exchange Commission.

Gatmaitan added that Co was not a representative or agent of Aman and that there is no evidence that “he collected money pursuant to any agency.”

The lawyer ended by saying the letter of the complainant was only “substantiated allegations.”

A Philippine Preview information of an earlier DOJ resolution said that “the mayor’s act of entering into an agreement with Aman to taxeach investment was merely intended to make it appear that the firm’s transactions were legitimate.”

It added that “because of Co’s acts, investors relied on his representations on behalf of Aman and led them to believe that the firm was indeed legitimate.”

Co rebutted in a motion by saying the evidence against him is “mere hearsay.” (MICHAEL MEDINA)