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No acquittal for Calata officers
Manila Bulletin
|June 9, 2025
The Makati City Regional Trial Court has upheld the conviction of the officers of the delisted Calata Corporation for making misleading statements about its supposed Mactan Leisure City project, which led to a surge in the trading of its shares in 2016.
In a consolidated order dated May 19, Branch 148 of the Regional Trial Court of Makati City denied the motion for reconsideration filed by the officers of Calata Corporation, seeking their acquittal on two counts of violating Section 24(d) of the Securities Regulation Code (SRC).
Cette histoire est tirée de l'édition June 9, 2025 de Manila Bulletin.
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