SEC files criminal complaint vs Abra Mining over trading fraud

MANILA, Philippines – Abra Mining and Industrial Corporation, its directors, officers, transfer agent, and some stockholders are facing a criminal complaint before the Department of Justice (DOJ) for alleged trading fraud.

In a complaint-affidavit filed by the Securities and Exchange Commission (SEC), the regulator said it found the respondents liable for 441 counts of violations of the Securities Regulation Code and the Revised Corporation Code, which were allegedly committed from 2015 to 2019.