SC junks raps vs RJ, 3 others

The Supreme Court (SC) dismissed yesterday the charges filed by a stockholder of the First Women’s Credit Corp. (FWCC) against businessman and songwriter Ramon "RJ" Jacinto and three others in 2000.

In an 11-page decision penned by Associate Justice Conchita Carpio-Morales, the high court’s second division denied the petition for review of the FWCC seeking to nullify earlier rulings of the lower court junking the cases against Jacinto and three other officers.

The high court upheld the ruling of a Makati RTC that there is no probable cause to indict the respondents.

The complainants alleged that Jacinto and his co-accused misused the FWCC funds and diverted them to RJ Guitars, RJ Holdings, RJ Music, RJ Bistro, Rajah Broadcasting Network, RJ FM, RJ Productions as well as to companies affiliated with FWCC. — Jose Rodel Clapano