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Maharlika president claims no pending legal cases against him

MANILA, Philippines — Newly-appointed Maharlika Investment Corp. (MIC) President and Chief Executive Officer (PCEO) Rafael Consing Jr. said that all of the cases in which he is involved have been dismissed.

This comes after some social media users pointed out that Consing was involved in a fraud case with a certain Cecilia Dela Cruz.

“All cases filed against me have been dismissed,” Consing said.

One of the grounds for disqualification from being board of directors, according to Section 36 of the Maharlika Investment Law, is being “found administratively liable for any offense involving fraudulent acts.”

The case resurfaced after a social media user pointed out the existence of the case on Monday, where it involves estafa through falsification of documents filed against Consing. 

Consing was appointed by President Ferdinand Marcos Jr. as the PCEO of the MIC on Monday, days after the Palace released the revised implementing rules and regulations (IRR) of the Maharlika Investment Fund, which removed the qualification of the PCEO having an advanced degree in finance, economics, business, or a related field.

According to Consing's LinkedIn profile, he  completed a degree in Political Science at De La Salle University in 1989. It was also noted that he participated in a strategic financial leadership program at Stanford in 2016.

In an earlier statement, Rep. France Castro (ACT Teachers) pointed out that the revised IRR was "tailor-made" for Consing.