- Published: Tuesday, 30 July 2019 15:35
- Written by PICKMO DavNor (Noel Baguio)
Davao del Norte – Governor Edwin Jubahib reassured that he and his mentor are not protecting shady companies that promise high rates of return.
In a recent interview with the members of the media, the governor debunked claims by some quarters that he and 1st District Congressman Pantaleon Alvarez are shielding some personalities involved in high-yield investment schemes.
“Dili kana tinuod. Wala ko’y giproteksyonan. Kami ni Cong Alvarez wala mi’y giproteksyonan nga mga nagdala aning mga investment schemes (That is not true. I don’t protect anyone. Cong. Alvarez and I do not protect operators of investment schemes),” the governor strongly belied.
What they are protecting, he said, are the interest of the victims.
“Atong paningkamutan nga mabalik ang gi-invest sa atong yanong katawhan nga nahimong biktima (We will do our best to help the victims recover their investments,” he saids.
Jubahib revealed that he will call for a multi-agency meeting to discuss the immediate arrest and prosecution of personalities involved in get-rich-quick scams.
“Dapat atubangon nila ang ilang salaot (They must face the consequences of their crime),” he stressed.
Some 30 shadowy companies promising hefty monthly returns, ranging from 30 percent to 500 percent, operated in Tagum City, before President Rodrigo Duterte ordered their closure last June.
Syndicated estafa cases were filed against some of the operators, who fled with hundreds of millions of pesos of investors’ money.
Irate victims ransacked the houses of operators of an investment company last week, where irate members took turns in getting appliances, furnitures, and all other belongings, including stripping the luxury car of one founder.