By NITZ ARANCON,
Correspondent
THE Cagayan de Oro Chamber of Commerce and Industry Foundation Inc. yesterday released a public notice, stating that it does not have anything to do with a company that has been linked by authorities to an investment scam.
The notice, released by Oro Chamber president Irene Floro, said the “corporation/s involved in the pyramiding scam is not a member of Oro Chamber and has never had any business engagement with it in the past and present.”
The Oro Chamber added: “Any mention or allusion of the Oro Chamber in a negative manner is libelous and may violate the provisions of the Data Privacy Act.”
The Oro Chamber statement came a day after a Gold Star Daily report about the Chamber’s former president, Reuben Vegafria, and his son Kevin figuring in a promotional video of Phoenix EA Holdings International Inc..
Phoenix, formerly Blitz Unlimited, has been linked to an alleged Ponzi scheme that raked in at least P400 million in “investments” in Mindanao alone. Its president and chief executive officer, Ailyn Hope Matulac, was arrested with a group that included former vice mayor Caesar Ian Acenas in Mandaue City last week.
Vegafria, also former head of Promote CDO Foundation and an ex-director of the Cagayan de Oro Water District, has claimed to have been victimized by Phoenix.
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