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Manila Bulletin devider Philippines devider National devider New Maharlika chief says court has already dismissed cases filed against him

New Maharlika chief says court has already dismissed cases filed against him

Published Nov 14, 2023 10:09 am

Newly appointed Maharlika Investment Corp. (MIC) President and Chief Executive Officer Rafael Consing Jr. rebuffed revelations that he had a pending fraud case filed against him and his mother that could put into question his appointment to the investment fund.

Consing_MIC.jpgMaharlika Investment Corp. President and CEO Rafael Consing Jr. (Photo from the Presidential Communications Office)

“All cases filed against me have been dismissed,” he said in a statement.

This was after netizens raised concerns on his appointment due to a Supreme Court case against him and his mother Cecilia dela Cruz.

The revised implementing rules and regulations (IRR) of the MIC states that members of the board of directors may be disqualified if they are convicted by final judgment or has pending administrative, civil or criminal cases related to fraud, plunder, corrupt practices, money laundering, and tax evasion, among others.

As president and CEO of the MIC, Consing will direct and supervise the operations and internal administration of the corporation.

He will also be in charge of the risk management, financial performance, and the legal affairs of the corporation.

A copy of the petition posted on the website of The LawPhil Project of the Arellano Law Foundation stated that in 1997, Consing and his mother sold a lot in Imus, Cavite for P13.3 million, but it was later found out that the land title they presented to the buyers was not registered with the Register of Deeds and was, in fact, under a different name.

In 2000, a criminal case for estafa through falsification of public document was filed against Consing, and his mother.

This, according to Consing, has since been dismissed by the court.

Related Tags

Maharlika Investment fund Maharlika Investment Corp. fraud case RAFAEL CONSING JR
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