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Manila Times Business

SEC exec arrested over alleged extortion

A DIRECTOR of the Securities and Exchange Commission (SEC) has been arrested by the National Bureau of Investigation (NBI) over allegations of extortion involving a private corporation. The corporate regulator confirmed the arrest and said the official had been placed under preventive suspension. It did not name the director, the office involved, nor provided other details of the supposed extortion attempt. “The SEC takes allegations of misconduct and breach of public trust very seriously,

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Source: manilatimes.net

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