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Manila Bulletin devider Philippines devider National devider DOJ to file in court violations of Securities Regulation Code vs Maria Francesca Tan, officers of her firm

DOJ to file in court violations of Securities Regulation Code vs Maria Francesca Tan, officers of her firm

Published Jun 19, 2025 02:41 pm
Department of Justice (DOJ) prosecutors have approved the filing in court of charges of violations of the Securities Regulations Code against Maria Francesca Tan and the officers of the Maria Francesca Tan (MFT) Group of Companies.
The complaints against them were filed by the Securities and Exchange Commission (SEC) which alleged that the MFT Group of Companies had no license to issue or sell securities.
After preliminary investigation, the prosecutors found evidence to charge them in court for investment scams, the DOJ said in a statement issued on Thursday, June 19.
They will be charged in court with violations of Sections 8, 26, and 28 of Republic Act No. 8799, the Securities Regulation Code.
The DOJ said “the MFT Group offered high yield investment opportunities funding or financing its ‘sure projects’ with regard to its subsidiaries.”
However, the DOJ said the complaints against Tan and her group for violations of Republic Act (RA) 9160, the Anti-Money Laundering Act, were dismissed by the National Prosecution Service (NPS).
It said the Anti-Money Laundering Council was furnished with the copies of this resolution, informations (criminal charge sheets), and the entire records of the case “for appropriate action.”
Justice Secretary Jesus Crispin C. Remulla assured in a statement that “the Department of Justice will not turn a blind eye to corporate deception or financial abuse.”
“The DOJ will not hesitate to act where the law has been broken,” he stressed.
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