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2 Legacy Group execs to testify vs owner


MANILA, Philippines - Two top officials of the beleagured Legacy Consolidated Plans are set to surface Tuesday to bare information against the pre-need company’s owner, Albay town mayor Celso de los Angeles Jr., and the transactions he entered into. This was according to Philip Piccio, president of Parents Enabling Parents (PEP) coalition, who said he is now talking with the two officials who he said had already expressed readiness to come out. Asked how damaging the statements of the two officials would be, Piccio said: “Very damaging to bring him (De los Angeles) to jail." He said the witnesses decided to come into the open because they could no longer take the statements issued by De los Angeles, who Piccio described as a "master of scams." “Actually we have been working for more than two weeks, hindi lang kami nagsasalita for their safety. Ngayon ang sabi ko sa kanila let’s start collating documents, ngayon nagko-collate na nang nagko-collate [we decided to work silently for their safety. I told them to start collating documents and so they are now collating documents]," Piccio said. He said they are now coordinating with the Department of Justice (DOJ) for the protection of the witnesses. During the resumption of Senate hearing on the condition of pre-need companies, Piccio said De los Angeles was allegedly able to withdraw P20 million from the trust banks by signing as its chairman and chief executive officer at the time he should have divested his interest from the company on account that he is a public official. He said a certain Carolina Neola is the CEO and chairman of the company as stated in its general information sheet submitted to the Securities and Exchange Commission (SEC). “That is the biggest question. Why are they releasing funds to a person who is not, under the instruction of the person, a chairman and CEO as he represents himself?" Piccio said. - Amita Legaspi, GMANews.TV
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