Fraud raps filed vs former Pacific Plans executives | ABS-CBN

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Fraud raps filed vs former Pacific Plans executives

Fraud raps filed vs former Pacific Plans executives

ABS-CBN News

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MANILA - Plan holders of the defunct Pacific Plans Inc. on Monday filed fraud charges against its owners for refusing to pay them.

Some 450 plan holders filed 1,680 counts of syndicated estafa, a non-bailable offense and 77 counts of estafa against Alfonso Yuchengco III, Ambrosio Padilla, George Dee, Helen Dee, Paul Sycip and 30 others.

The complainants from the Pacific-APEC Plans Legal Complaint Group, said Pacific Plans "tricked" them into buying the pre-need products

They said company officials did not explain why Pacific Plans was sold in 2009 to GPL Holdings Inc. for P250 million. -- reports from Ina Reformina, ABS-CBN News

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