Deceitful taste of money turned two sisters' bond sour, after the total investment of P6 million melted down to unaccounted expenses. City Prosecutor Nemesia Cafe Uy filed an information of estafa before the Regional Trial Court in Tagbilaran City on September 30 against Teresa Suarez, Eva Ico, Elma Mulato, Estrellita Cantones and Ferdinand Jaminal for allegedly duping the couple- -Cristina Suarez-Yae and Teruhiko Yae into investing a total of P6 million for a lending business that the victims thought was under their sole proprietorship. But it turned out that Cristina's sister, Teresa- -one of the accused- -had converted it into her sole proprietorship.
The Lupong Tagapayapa of barangay Booy tried to settle the rift between sisters Cristina and Teresa, but proved futile. Last June 6, the Office of the Lupong Tagapamayapa of Booy issued a certification to file action. Then, the victims filed a complaint on June 26 before the Office of the City Prosecutor. Teresa submitted her counter-affidavit before the City Prosecutor on July 23, claiming she thought her sister lent her the money to start her own lending business in 2004 as she was jobless at that time. City Prosecutor Uy, however, issued a resolution on August 28, recommending the filing of an information of estafa before the court.
In the information filed on September 30 before the RTC in Tagbilaran City , it was alleged that the five accused allegedly conspired to convert the supposed sole proprietorship of Cristina into a corporation with all the accused as the owners and incorporators of the business. It was allegedly without the knowledge of the Yae couple. The investment allegedly started as Teresa duping her sister, Cristina, and her Japanese husband into investing a total of P6 million for a lending business. Fully trusting her sister, Cristina allegedly delivered the money to Teresa. Cristina thought it was a safe move as she was made to believe that the lending business be put up under a “single proprietorship owned and belonging to her” (Cristina) with Teresa as the manager and the four others as the workers. But Cristina and her husband were surprised to discover they were already outsiders in the business.
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