Mica Tan stays on case settlement path

Maria Francesca Tan, the CEO of the MFT Group of Companies, is steadfast in her resolve to settle her case with the Securities and Exchange Commission (SEC) and address her obligations to creditors, even as she faces an Interpol red notice. Tan acknowledged the red notice, stating that her legal teams are fully mobilized to address the cross-border procedural measures. She emphasized that she is availing herself of every statutory protection and urged stakeholders not to be paralyzed by uncertainty. While she reiterated her commitment to ensuring obligations are paid, she noted that she cannot do so in a vacuum and requires a safe environment to work effectively. Tan identified resolving the SEC case as her top priority, aiming to clear the path by addressing the non-bailable syndicated estafa cases filed against her. The SEC has previously indicted Tan and her companies for unauthorized public investment solicitation, and she was issued arrest warrants by courts in Taguig and Lipa City. The SEC had requested the Interpol red notice to facilitate her extradition to Philippine courts to face charges related to a large-scale fraudulent investment scheme.

(Source：Philstar.com)