+ Follow COLLEGE ASSURANCE PLANS PHILS Tag
COLLEGE ASSURANCE PLANS PHILS
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 316525
[Title] => DOJ junks SEC complaint vs CAP for lack of evidence
[Summary] => The Department of Justice (DOJ) has dismissed the criminal complaint filed by the Securities and Exchange Commission (SEC) against officers and directors of College Assurance Plans Phils. Inc. (CAP) due to insufficient evidence.
The SEC sought the criminal prosecution of CAP officers and directors for unauthorized sale of pre-need plans in violation of the Securities Regulation Code (SRC).
[DatePublished] => 2006-01-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 309687
[Title] => Ombudsman junks CAP complaint vs SEC official
[Summary] => The Office of the Ombudsman has junked the complaint filed by College Assurance Plans Phils. Inc. (CAP) against Securities and Exchange Commission (SEC) general accountant and former head of CAP’s oversight body Roberto Manabat due to lack of jurisdiction.
In its complaint, CAP alleged that Manabat violated Sec. 3 of the Anti-Graft and Corrupt Practices Act by granting a grossly excessive and unreasonable compensation to CAP comptroller Mario Aguas and issuing arbitrary rules. Aguas was given a monthly compensation of P100,000.
[DatePublished] => 2005-12-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 303568
[Title] => CAP officials file counter-affidavits at DOJ
[Summary] =>
Top officers of College Assurance Plans Phils. Inc. (CAP) denied any involvement in the alleged unlawful act committed by the pre-need firm, saying the charges levelled against them by the Securities and Exchange Commission (SEC) are without basis.
In separate counter-affidavits filed at the Department of Justice, CAP officers said the SECcomplaint is fatally defective as it does not point to any specific act or omission on their part which would make them responsible for the alleged overselling of CAP’s pre-need plans.
[DatePublished] => 2005-10-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 302577
[Title] => Goco raps SEC for ‘baseless’ suit against CAP directors
[Summary] =>
Former Solicitor General Raul Goco, an independent director of College Assurance Plans Phils. (CAP), has assailed the Securities and Exchange Commission (SEC) for filing a "baseless" criminal suit against the pre-need firm’s directors for unauthorized sale of educational plans.
Goco said the SEC should have carefully studied the charges it leveled against CAP as these allegations have damaged the reputation of CAP’s directors given the extensive media coverage on the issue.
[DatePublished] => 2005-10-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 301084
[Title] => CAP lambasts SEC for partial dropping of criminal complaint
[Summary] => College Assurance Plans Phils. Inc. (CAP) has assailed the Securities and Exchange Commission (SEC) for dropping some directors as respondents to a criminal case it filed with the Department of Justice, saying this only goes to show that the SEC was irresponsible in coming up with the complaint.
The SEC dropped charges against Senator Juan Flavier, Eusebio Tanco and Rafael Evangelista as respondents in the criminal complaint it filed against CAP officers and directors.
[DatePublished] => 2005-10-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 300429
[Title] => SEC drops complaint against Flavier, two CAP directors
[Summary] => The Securities and Exchange Commission (SEC) has dropped the criminal complaint it filed against Sen. Juan Flavier and two other directors of College Assurance Plans Phils. Inc. (CAP).
In a supplemental complaint-affidavit filed with the Department of Justice (DOJ) late Wednesday, SEC said it is excluding Flavier, Eusebio Tanco of STI and Rafael Evangelista as respondents in a criminal complaint against CAP directors.
[DatePublished] => 2005-10-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[6] => Array
(
[ArticleID] => 300253
[Title] => DOJ summons CAP, SEC officials to hearing
[Summary] => The Department of Justice (DOJ) has summoned the directors of College Assurance Plans Phils. Inc. (CAP) to a hearing on Oct. 11 to afford them the opportunity to explain the charges hurled against them by the Securities and Exchange Commission (SEC).
Also asked to appear before the DOJ are SEC officials. It will be recalled that the SEC last month lodged a criminal complaint before the DOJ against directors and officers of CAP for unauthorized sale of pre-need plans in violation of the Securities Regulation Code.
[DatePublished] => 2005-10-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 300107
[Title] => CAP hits SEC order on financial reports
[Summary] => College Assurance Plans Phils. Inc. has assailed an order issued by the Securities and Exchange Commission, directing it to submit its audited financial statements, saying such move is a "veiled fishing expedition" in order to obtain evidence that may be used against the pre-need firm.
The SEC, through its Compliance and Enforcement department, served last Sept. 28 a subpoena duces tecum on CAP’s former auditor, CGM & Co., requiring the submission of CAP’s financial statements for Dec. 31, 2003.
[DatePublished] => 2005-10-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 299268
[Title] => CAP files raps vs SEC official in oversight board
[Summary] => College Assurance Plans Phils. Inc. (CAP) filed yesterday before the Office of the Ombudsman a criminal complaint against Roberto Manabat, the Securities and Exchange Commission (SEC) general accountant and former chairman of the CAP oversight body, for violation of the Anti-Graft and Corrupt Practices Act.
At the same time, CAP warned that this would be the first in a series of criminal cases it intends to file against SEC officials who have conspired to bring down the financial stature of the pre-need firm.
[DatePublished] => 2005-09-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 296966
[Title] => CAP brands SEC criminal case a harassment suit
[Summary] => College Assurance Plans Phils. Inc. (CAP) has branded the criminal case filed by the Securities and Exchange Commission (SEC) against it as a harassment suit as the company insists it has been in faithful compliance with the rules governing the sale of pre-need plans.
The SEC filed Monday before the Department of Justice a criminal complaint against the directors and officers of CAP for unauthorized sale of pre-need plans in violation of the Securities Regulation Code (SRC).
[DatePublished] => 2005-09-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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