The authorities confiscated more than P15 million in investment money from the company they attacked that allegedly did not have a license to operate in Zamboanga City. The person behind the business is said to be wanted in Bacolod City for being involved in an investment scam.
In a report by Krissa Dapitan on GMA Regional TV News this Wednesday, operatives of the National Bureau of Investigation Zamboanga (NBI), Securities and Exchange Commission (SEC), and the police attacked the investment company Silver Lion Livestock Trading in Barangay Manikaan.
The raid was made after the authority received information that the company was collecting investment money without a license from the SEC.
The operatives even caught up with the company’s personnel, who counted the money almost reaching P15 million.
“Although it is legitimately registered with them, the Silver Lion did not apply for secondary license. Secondary license is a mandatory process wherein before the investment company or financial institution can publicly solicit funds for investment, they must secure a license,” said NBI-WERMO regional director Moises Tamayo.
According to the authorities, a person named Ryan Laduing is the appointed CEO of its trading business. He is said to be wanted in Bacolod City due to his involvement in an investment scam.
Investment company without license raided in Zamboanga City
It appears that Laduing moved to Zamboanga City and established a new investment company there.
The company started operations in Zamboanga City just last month. Those who invest money are promised a 35% profit in just 15 days.
“If you have any thoughts on investing, investigate before you invest. Actually, may check the setup na that is available for smart devices. You can download that. Tapos puwede niyong i-access website namin. Pwede niyong tingnan kung ano ang mga advisories,” said SEC-Zamboanga director Atty. Jesus Uro.
Authorities are still looking for Laduing, who allegedly stole P30 million from investors.
The nine employees of the company who were arrested in operation are in the custody of the NBI.
The NBI is also calling on other victims of the company to file complaints with their office.