Zambo City gov’t has not invested in Aman Futures Group

November 20, 2012 11:48 pm 

ZAMBOANGA CITY, Nov. 20 — The city government here has issued a certification of non-investment of public funds in the Aman Futures Group Philippines Inc., an investment company in Pagadian City that ran away with more or less P12 billion in funds invested by mostly government workers and even some local government units (LGUs).

Mayor Celso Lobregat, together with Assistant City Treasurer Reynaldo Aguidan, issued the certification per request from the Department of Interior and Local Government (DILG) for all LGUs to disclose any investment or deposits made in favor of the investment company.

“We hereby certify that we have not invested moneys or funds of the City Government of Zamboanga in the Aman Futures Group Philippines Inc.,” Lobregat and Aguidan said in the certification.

“This certification is issued to attest to the fact that no checks, moneys or funds of the City Government of Zamboanga has been used to deposit, invest or issued in favor of the Amman Group,” they added.

Lobregat said the city government also commits its full support and cooperation to any investigation being conducted or to be conducted by the DILG, Department of Justice (DOJ) or Department of Finance (DOF) and other government agencies tasked or to be tasked by the Office of the President.

The pyramiding scam of Aman Futures Group Philippines Inc. that has gained worldwide attention was one of the agenda tackled during the City Peace and Order Council (CPOC) meeting called by Lobregat on Saturday.

Lobregat said it was reported that some LGUs may have invested or placed money into the Amman Futures Group which is why the required certification by the DILG.

He also emphasized that the city government has not issued any permit for operation of such a business group in Zamboanga City.

He said, however, that certain individuals from Zamboanga City have invested in the Aman Futures Group Philippines Inc. in Pagadian City. (PNA)

SCS/TPG/PJN

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