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                    [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
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                    [ArticleID] => 299769
                    [Title] => CAP to file series of criminal raps against top SEC officials, politicians
                    [Summary] => College Assurance Plan (CAP) Phils. Inc. will file a series of criminal charges against top officials of the Securities and Exchange Commission (SEC) and some politicians who allegedly colluded to destroy the pre-need firm’s reputation eventually leading to its collapse.


CAP legal counsel and former Solicitor General Frank Chavez said in a telephone interview that they are now preparing more criminal complaints which they hope to file with the Office of the Ombudsman next week.  


                    [DatePublished] => 2005-10-03 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [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
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                    [ArticleID] => 211962
                    [Title] => CAP names comptroller to evaluate financial status
                    [Summary] => College Assurance Plan Philippines Inc. (CAP) has appointed a permanent  comptroller to evaluate its financial condition and to map out ways to address its trust fund deficiency. 


Securities and Exchange Commission General Accountant Roberto Manabat said newly-appointed comptroller Mario Aguas will be tasked with ensuring that CAP covers its maturing obligations and contributes to a separate trust fund for new plan sales.


"CAP appointed Aguas as permanent comptroller in consultation with the SEC," Manabat said.


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MARIO AGUAS

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                    [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
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [Title] => CAP to file series of criminal raps against top SEC officials, politicians
                    [Summary] => College Assurance Plan (CAP) Phils. Inc. will file a series of criminal charges against top officials of the Securities and Exchange Commission (SEC) and some politicians who allegedly colluded to destroy the pre-need firm’s reputation eventually leading to its collapse.


CAP legal counsel and former Solicitor General Frank Chavez said in a telephone interview that they are now preparing more criminal complaints which they hope to file with the Office of the Ombudsman next week.  


                    [DatePublished] => 2005-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [SectionUrl] => business
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                    [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] => 
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                    [ArticleID] => 211962
                    [Title] => CAP names comptroller to evaluate financial status
                    [Summary] => College Assurance Plan Philippines Inc. (CAP) has appointed a permanent  comptroller to evaluate its financial condition and to map out ways to address its trust fund deficiency. 


Securities and Exchange Commission General Accountant Roberto Manabat said newly-appointed comptroller Mario Aguas will be tasked with ensuring that CAP covers its maturing obligations and contributes to a separate trust fund for new plan sales.


"CAP appointed Aguas as permanent comptroller in consultation with the SEC," Manabat said.


                    [DatePublished] => 2003-06-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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abtest

Ombudsman junks CAP complaint vs SEC official

By Zinnia B. Dela Peña | December 1, 2005 - 12:00am

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...

Business

CAP to file series of criminal raps against top SEC officials, politicians

By Zinnia B. Dela Peña | October 3, 2005 - 12:00am

College Assurance Plan (CAP) Phils. Inc. will file a series of criminal charges against top officials of the Securities and Exchange Commission (SEC) and some politicians who allegedly colluded to destroy the pre-need...

Business

CAP files raps vs SEC official in oversight board

By Zinnia B. Dela Peña | September 30, 2005 - 12:00am

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...

Business

CAP names comptroller to evaluate financial status

June 30, 2003 - 12:00am

College Assurance Plan Philippines Inc. (CAP) has appointed a permanent comptroller to evaluate its financial condition and to map out ways to address its trust fund deficiency. Securities and Exchange Commission...

Business