Neri, a 41-year-old actress and businesswoman, was arrested on November 23 at a convention center in a Pasay City mall for alleged involvement in estafa and violations of the Securities Regulation Code, according to the Southern Police District.
The warrant of arrest, issued in connection with her alleged role in syndicated estafa, highlights her purported violation of Presidential Decree 1689. This decree imposes stricter penalties for estafa when committed by a syndicate of five or more individuals organized to carry out unlawful or fraudulent schemes. Syndicated estafa typically involves the misappropriation of funds from stockholders, cooperative members, or the general public.
In addition, Neri is facing 14 counts of violations under Section 28 of Republic Act 8799, also known as the Securities Regulation Code. This section governs the registration of brokers, dealers, and associated personnel, ensuring proper licensing and regulation in securities-related transactions.
The arrest took place at a high-profile location, drawing public attention to the case. While the police have not officially disclosed her full identity, efforts to contact actress Neri Naig for her comment have so far been unsuccessful.
Neri’s legal troubles stem from accusations of fraudulent activities related to her business dealings. If convicted of syndicated estafa, she could face severe penalties under Philippine law, including life imprisonment and significant fines.
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Republic Act 8799, meanwhile, mandates stringent compliance for individuals involved in securities trading and investment ventures. Violations of this law, such as operating without proper registration or licensing, carry penalties ranging from monetary fines to imprisonment.
As the case unfolds, questions about Neri’s business practices and alleged involvement in illegal schemes are expected to be central in court proceedings. This arrest adds her name to a growing list of public figures entangled in controversies involving financial misconduct.
This development has generated significant public interest, especially among her fans and followers. Updates on the legal proceedings and any statements from Neri or her legal team are anticipated in the coming days.