Duterte’s son dragged into Jacama scam

DAVAO City Vice Mayor Paolo “Pulong” Z. Duterte on Tuesday said his name was actually used by Jacamato recruit more investors.

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Duterte told reporters that based on their monitoring, Jacama Sales and Marketing, which was shut down by the City Government, had dragged his name to its operation to convince investors about the legitimacy of the company.

 

“Actually last November pa naa nay nagtext ug nanawag sa akoa na ginagamit nila ang akong pangalan ug gi-report nako nakay Senior Superintendent Vicente Danao na imbestigahan sa CIDG (Actually, I started to receive texts and calls that they had been using my name so I reported it to Davao City Police Chief Danao for investigation),” the vice mayor said.

 

Duterte denied investing in the company.

 

“Na nag-invest daw ko sa ilaha og milyon-milyon. Daghan man gani ko og utang (They were claiming that I invested in million. How can that be when I even have a lot of debts),” Duterte said.

 

Jacama, last Friday was closed by the city for lack of proper business permit and also lack of Securities and Exchange Commission permit to solicit investments from people.

 

SEC last January 11, issued an advisory to people to stop investing at Jacama for “for its sale of products is merely a ruse to make it appear that the entity is engaged in marketing and distribution of products and for the obvious fact is the people are enticed to invest their money by promise of huge profits.”

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