PHA says two employees are charged

PREMIERE Horizon Alliance Corp. (PHA) introduced that the Pasig Metropolis Lawyer’s Workplace has formally charged Marvin de la Cruz, Chairman and Chief Govt Officer of Squidpay Expertise Inc., and PHA Board Member Augusto Antonio Serafica Jr. with estafa.

In response to the agency, the knowledge was supplied to them by their exterior counsel and the court docket is shifting ahead with the case.

“Relating to the knowledge supplied by Premiere Horizon Alliance Corp. (PHA) filed legal complaints towards Augusto Antonio C. Serafica Jr. and Marvin C. dela Cruz, the topic of the Firm’s disclosure dated December 6, 2022 On January 20, 2023, PHA was notified by its exterior counsel that the Lawyer’s Workplace of Pasig Metropolis issued its order dated December 28, 2022 discovering possible trigger to cost and take a look at Messrs. Serafica Jr. and Dela Cruz for the crime of Estafa Article 315 (1) ( b) of the revised Penal Code,” defined PHA.

Accordingly, on January 19, 2023, the pertinent info concerning the matter was raffled to Division 155 of the Pasig Metropolis District Court docket.

The case “Folks of the Philippines versus Augusto Antonio C. Serafica Jr. and Marvin C. Dela Cruz” was docked as R-PSG-23-00208-CR.

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On December 6, 2022, PHA filed mentioned legal grievance towards Serafica Jr. and de la Cruz for alleged embezzlement of roughly P32 million in company funds in reference to a Bonifacio World Metropolis challenge.