OFFICERS of delisted company Calata Corp. have been found guilty of market manipulation for making misleading and exaggerated statements about a resort and casino project.
Branch 148 of the Makati City Regional Trial Court, in a decision issued May 28, found Calata chairman, president and CEO Joseph Calata and corporate secretary, compliance officer and corporate information officer Jose Marie Fabella guilty beyond reasonable doubt of two counts of violation of Section 24(d) of the Securities Regulation Code (SRC).
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.