Rasuman to be arraigned on Jan. 30

CAGAYAN DE ORO CITY, Philippines – Suspected investment scam leader Jacob Rasuman will be brought here on Jan. 30 to be arraigned before Judge Bonifacio Macabaya of Cagayan de Oro Regional Trial Court (RTC) Branch 20.

Rasuman will be charged with syndicated estafa for allegedly failing to pay back his investors in Lanao provinces hundreds of millions of pesos.

City prosecutor Fidel Macauyag said told The STAR a panel of prosecutors from the Department of Justice (DOJ) in Manila is taking charge of the case filed against Rasuman.

“The DOJ will not allow mishandling of these cases,” Macuyag said.

The DOJ panel of prosecutors is composed of Mari Elvira Herrera, assistant state prosecutor; Caren Gail de Alban, prosecuting attorney; Edna Valenzuela and Merba Waga, senior assistant state prosecutors.

Valenzuela chairs the panel while Waga is the vice chairman.

Two more cases of syndicated estafa have been filed against Rasuman before Cagayan de Oro RTC Branch 23 Judge Vincent Rosales, Macauyag said.