Investigate and Prosecute Roco - Agnabo Lending (RAL), Corp.
Investigate and Prosecute Roco - Agnabo Lending (RAL), Corp.
The Issue
The Roco - Agnabo Lending (RAL), Corp. is located in Zone 4 Cadlan, PILI, Camarines Sur.
The company attracts investors to invest money with the signed agreement to pay monthly interest and return the full investment at the end of the year.
Last September 3, 2015 they announce that the company is losing and they cannot return nor pay their obligation to the investors anymore.
They suddenly close their bank accounts immediately to prevent investors to in cash the post dated checks they issued to them without any notifications whatsoever!
If the company is losing, why they are still accepting investments from the poor investors? There are even new investment comes in days before the announcement!
No financial reports nor any documents sent to investors to inform the financial status of the company.
Last September 15, 2015, another meeting was held and facilitated by their legal counsel Atty. Mila Raquid Arroyo and quoted saying that RAL "might" return the investment after 5 years (still not sure)!
The money will be stuck for 5 years without anything? Where is the justice?
This is unacceptable!
These money (investment) comes from hard-earned money! Some came from retirement, bank loans, sold property & personal savings! Some are still paying it in the bank!
There's around 1,200 investors and approximately 198 Million worth of investments!
We are seeking the help of DOJ Sec. Laila de Lima with the NBI and SEC Chairperson Teresita Herbosa to step in and investigate RAL and help us to return our investment.
Obviously, RAL violates the Law and this is another SCAM!
The Issue
The Roco - Agnabo Lending (RAL), Corp. is located in Zone 4 Cadlan, PILI, Camarines Sur.
The company attracts investors to invest money with the signed agreement to pay monthly interest and return the full investment at the end of the year.
Last September 3, 2015 they announce that the company is losing and they cannot return nor pay their obligation to the investors anymore.
They suddenly close their bank accounts immediately to prevent investors to in cash the post dated checks they issued to them without any notifications whatsoever!
If the company is losing, why they are still accepting investments from the poor investors? There are even new investment comes in days before the announcement!
No financial reports nor any documents sent to investors to inform the financial status of the company.
Last September 15, 2015, another meeting was held and facilitated by their legal counsel Atty. Mila Raquid Arroyo and quoted saying that RAL "might" return the investment after 5 years (still not sure)!
The money will be stuck for 5 years without anything? Where is the justice?
This is unacceptable!
These money (investment) comes from hard-earned money! Some came from retirement, bank loans, sold property & personal savings! Some are still paying it in the bank!
There's around 1,200 investors and approximately 198 Million worth of investments!
We are seeking the help of DOJ Sec. Laila de Lima with the NBI and SEC Chairperson Teresita Herbosa to step in and investigate RAL and help us to return our investment.
Obviously, RAL violates the Law and this is another SCAM!
Petition Closed
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The Decision Makers
Petition created on September 17, 2015