I commend the Department of Justice (DOJ) and the Philippine National Police (PNP) for arresting Celso delos Angeles. Celso, if you remember, headed the defunct Legacy Group of Companies which defrauded several thousands of Filipinos of their mutual funds and deposits to the tune of 14 billion pesos. Government filed a case of large-scale estafa against delos Angeles and several others.
Celso was arrested by elements of the PNP Criminal Investigation Division. He is expected to be incarcerated very soon.
De los Angeles, if you also remember, is a close friend of Speaker Prospero Nograles Jr. and several other politicians. He is also the incumbent mayor of a town in Bicol. He was once hailed as a "financial genius" by his friends, yet villified as a big-time gambling lord. His birthplace is actually Marikina but transfered to Bicol to pursue politics. De los Angeles was twice barred by the Central Bank of the Philippines for alleged banking machinations.
I congratulate the government for this but this is not yet over. Celso delos Angeles should be jailed in Muntinlupa for his crimes against the Filipino People. Aside from him, government should arrest and detain other members of his syndicate. They should not escape the long arm of the law.
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