Woman ‘runs away’ with P2.7M worth of jewelry, faces charges

THE Office of the Cebu City Prosecutor has indicted a woman who allegedly refused to remit the sales of jewelry items totaling P4.7 million in 2014.

Prosecutor Aurora Penaflor found evidence to charge Norma Reynaldo with estafa before the Regional Trial Court in Cebu City.

A P40,000 bail is set for Reynaldo’s temporary freedom.

Complainant Marife Geraldez-Oon and Reynaldo entered into a trust receipt agreement in August 2014.

Oon hired Reynaldo to sell her jewelry and to receive a five-percent commission from the sales.

The jewelry items included one pair of solitaire earrings worth P1.9 million; a platinum solitaire ring costing P1.3 million; a pair of solitaire pendants valued at P1.4 million and a hula-hoop shaped necklace worth P150,000.

But Reynaldo did not honor the undertakings despite several demands.

“She (Reynaldo) made countless promises to return the jewelry items, yet, until now, she neither returned to me the items, nor did she remit the proceeds of the sales,” said Oon in her affidavit.

Reynaldo failed to submit her counter-affidavit, prompting prosecutors to resolve the complaint based on evidence presented by complainant.

“All the elements are present in the instant case. Although trust receipt agreement attached to support this case is a photocopy, the document satisfied the requirements as to establish probable cause to elevate this case for trial,” said Prosecutor Penaflor.
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