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Organico faces criminal complaints

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THE Securities and Exchange Commission has lodged criminal complaints against Organico Agribusiness Ventures Corp. and its officers before the Department of Justice.

THE Securities and Exchange Commission has lodged criminal complaints against Organico Agribusiness Ventures Corp. and its officers before the Department of Justice.

And since they perpetrated their illegal deeds through the Internet, the officers face penalties that are one degree higher than what is prescribed by the Securities Regulation Code.

On Tuesday, Sept. 10, 2019, the Commission filed criminal complaints against Organico along with its president Cerrone Roial Posas, corporate finance officer Marve Subere Posas, corporate secretary Anthony Butaslac, and members of the board of directors Renato Subong and Karen Maasin, for violation of Sections 8, 26.3 and 28 of Republic Act 8799, known as the Securities Regulation Code (SRC).

See full article at Sunstar

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