Court clears Neri Miranda of estafa
MANILA, Philippines — Two Pasay courts have dismissed the complaints for syndicated estafa and violations of the Securities Regulation Code filed against businesswoman Neri Miranda.
In a resolution dated Feb. 12 and obtained yesterday by Miranda’s lawyer, the Pasay Regional Trial Court (RTC) Branch 112 cleared Miranda of syndicated estafa.
The prosecution found no probable cause to indict Miranda, her legal counsel said.
In a separate order dated Jan. 20, the Pasay RTC Branch 111 also dismissed the complaint filed against Miranda for violating the Securities Regulation Code.
Miranda was arrested on Nov. 23, 2024.
In December 2024, the Pasay RTC Branch 112 ordered the release of Miranda from detention after quashing the warrant issued for her arrest.
The court cited a procedural defect in the service of process in the syndicated estafa case.
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