Ex-Pagadian mayor loses P4M jewelry in NegOcc
3 carats each) worth P900,000
* a tennis/eternity bracelet (diamond), P1,500,000
* a bangle (Bulgari, diamond), P200,000
* a set of earrings, a bracelet and a necklace with pendant (all white-and-green diamonds), P500,000
* a hoop earring (white gold with diamonds), P50,000
* a white gold men’s Rolex with diamonds, P500,000
* a gold cross pendant with diamonds and a gold chain, P50,000
* a white gold diamond men’s ring, P100,000
* a set of white pearl earrings, Celda was a resident of New Lucena, Iloilo.
The buy-bust operation was carried out around 11:45 a.m. An “asset” of the police bought from Castroverde a sachet of shabu for P1,500.
“When he sensed that he was being entrapped, he drew a gun concealed under his shirt and trained it at our asset’s companion, the undercover cop,” said Alabe.
The po l i c e man ac t e d quickly. He kicked the suspect’s motorcycle and Castroverde fell to the ground. P50,000 * P15,000 cash Police led by Chief Inspector Rocky Desear, officer-in-charge of the Cadiz City police station, continue to investigate the alleged robbery.
The officers i dentified the couple as businesspeople residing at 50 Lapu-Lapu Street, Magallanes Village, Makati City.
In 2013, the couple were charged with syndicated estafa for their involvement in the multibillion-peso Ponzi scheme of Aman Futures, reports published in a national broadsheet showed.
In April that year, a regional trial court (RTC) in Iligan ordered their arrest along with several
Castroverde fired a shot but missed the police officer, said Alabe.
The policeman fired two shots at the suspect – one on the face and another on the chest.
Alabe said Castroverde was a newly identified high- value target in Iloilo province and was operating in the 4th and 3rd districts.
Aside from trafficking shabu, Castroverde was also into robbery, said Alabe.
The police recovered from the suspect a .45 pistol and five grams of shabu worth P42,500, others following a complaint filed by an Aman Futures investor who claimed that they were duped by Co and the firm’s officers for a combined P29.63 million.
December that year, the National Bureau of Investigation arrested and detained the couple.
In May 2015, an RTC in Manila denied Co’s application for bail but approved that of his wife Priscilla. In October 2016, the Court of Appeals reversed and set aside the Manila RTC decision, the reports showed.
The Lakawon Island Beach Resort and Spa in Cadiz City is being leased by businessman Vladimir Gonzales./