The Philippine Securities and Exchange Commission placed a director under preventive suspension after the National Bureau of Investigation arrested the official in an entrapment operation over alleged extortion of funds from a private corporation. The operation was conducted in coordination with the commission, and the investigation remains ongoing. The commission said its operations will continue as usual and will not be disrupted by the case. It also called on the public to report irregularities or unethical conduct involving its personnel.
2026-06-03Philippine Securities and Exchange Commission
Philippine Securities and Exchange Commission suspends director following arrest over alleged extortion
The Philippine Securities and Exchange Commission preventively suspended a director arrested in an entrapment operation over alleged extortion from a private corporation. The investigation is ongoing, while commission operations will continue as usual.