A criminal complaint has been filed by the Securities and Exchange Commission (SEC) against the group of casino junket operator Hector Aldwin Liao Pantollana.
The SEC said it has filed before the Department of Justice last May 31 a complaint against the group for allegedly engaging in unlawful activities linked to money laundering.
The commission charged Pantollana’s Philippine National ESports League, Horizon Players Club and Team Z with violations of the Securities Regulation Code (SRC) and the Anti-Money Laundering Act, as amended (AMLA).
The SEC said the complaint was filed after its Enforcement and Investor Protection Department (EIPD) found the group to be soliciting investments from the public to finance their casino junket operation and casino financing activities.
