Court set to resolve Rasuman’s case

THE City Prosecutor’s Office is set to resolve the case of syndicated estafa earlier filed against Ponzi scheme suspects Jachob A. Rasuman, his wife and family members after they failed to appear in the preliminary investigation on Friday.

City Prosecutor Fidel Macauyag said according to Rasuman’s lawyer, they have not received any subpoena that’s why they were not able to submit their counter-affidavit.

“Whether they receive the subpoena or not, whether they appear or not and whether they submit their counter-affidavit or not, the panel of prosecutors will resolve the case ex-parte because we have a mandatory obligation to hear and resolve the case,” Macauyag told Sun.Star Cagayan de Oro.

Rasuman, his wife and family members were charged of syndicated estafa by at least 25 victims, some of them are Rasuman’s relatives.

The money involved in the complaints would reach to at least P274 million.

According to the complainants, Rasuman allegedly enticed them to invest in their company in exchange for huge interests every two months.

Rasuman claimed that their family is running the “Nad Auto Option,” a money-making corporation engaged primarily in the business of “petroleum sale” and “trading of cars,” among others.

With the promising “high interests and a guaranteed amazing return of investments,” the complainants victim invested “some hundreds of millions.”

During the first two months, the Rasumans were able to pay the investments but persuaded the victims to invest again, including the interests they earned, promising that the money would earn “an increased and high interest rate.”

However, in July this year when the issue broke out, the Rasuman allegedly failed to pay the maturing obligations of the victims’ investments.

According to the victims, the Rasumans, particularly Jachob, could no longer be traced at their office in Phase 1C Xavier Estates, Cagayan de Oro City.