Indon traders indicted

September 17, 2018

THE Department of Justice (DoJ) has indicted three Indonesian businessmen along with their two Filipino associates before the Mandaluyong regional trial court in connection with a complaint for syndicated estafa filed by the San Miguel Holdings Corporation (SMHC).

Syndicated estafa is a non-bailable offense.

In a 21-page resolution approved by Acting Prosecutor General Richard Fadullon, the DoJ found probable cause to indict Indonesians Shadik Wahono, Dodik Marseno Catur Utomo, and Sahra Mayor, along with Filipino respondents Alvin Bugtas and Joel Rayos.

“Wherefore, it is respectfully recommended that the attached information accusing respondents…of committing the crime of Syndicated Estafa under Article 315, Paragraph 2(a), of the Revised Penal Code, in relation to Presidential Decree No. 1689, be approved for filing in court,” the resolution read.

The case stemmed from the complaint filed by San Miguel Holdings Corporation (SMHC), the infrastructure arm of San Miguel Corporation (SMC).

The complaint alleged that Wahono misrepresented that his company, PT Citra Lamtoro Gung Persada (CLGP), was the legal owner of Citra Central Expressway Corp. (CCEC) shares acquired by SMHC.

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