Taguig Prosecutor’s Office indicts Nicko Falcis for estafa

The Taguig City Prosecutor’s Office has recommended the indictment Nicko Falcis, Kris Aquino’s former business partner, for estafa and fraudulent use of access device.

In a 10-page resolution, government prosecutors found probable cause to charge Falcis with estafa through misappropriation and conversion under Art. 315 par. 1(b) of the Revised Penal Code and violation of section 9(j) of Republic Act No. 8484 or the Access Devices Regulation Act of 1998.

Art. 315 par. 1(b) penalizes misappropriating or converting money or any other personal property received in trust or administration.

Kris Aquino’s qualified theft suit vs Nicko Falcis junked

Meanwhile, the Access Devices Regulation Act punishes the fraudulent use of an access device such as a credit card to obtain money or anything of value.

Aquino accused Falcis of unauthorized purchases of some P63,000 in different establishments in Taguig from June to August 2018 using the credit card entrusted to him by Aquino’s firm, Kristina C. Aquino Productions (KCAP).

“Although the credit card was issued under his name, it cannot be denied that the corporate credit card was issued through KCAP and upon the authorization of Aquino herself. And the same was entrusted to him to be utilized solely for the purpose of payment of KCAP-related expenses,” the resolution said.

Falling like dominoes? Pasig junks Kris Aquino’s complaint vs Nicko Falcis

Recently, the Makati Prosecutor’s Office also dismissed a similar credit card fraud complaint Aquino filed against Nicko Falcis.

Aquino filed strings of cases against Falcis in several cities. The one Makati resolved involves 13 transactions amounting to P404,794.34.

In Pasig City, Senior Asst. City Prosecutor Aileen C. Sabare dismissed Aquino’s complaint for insufficiency of evidence.

Copyright © 2019 Abogado - Latest News in the Philippines