The Philippine Securities and Exchange Commission (SEC) has lodged a criminal complaint against Philippine casino investor Calata (Calata) Corporation for its misleading statements regarding its P65-billion integrated gaming resort project in Mactan, Cebu.

Charged before the Philippine Justice Department for violation of Section 24 (d) and Section 54.1 (c) of the Securities Regulation Code (Republic Act 8799) were Calata president and CEO Joseph Calata; corporarte secretary Atty. Jose Marie Fabella; and chief financial officer and chief operations officer Benison Paul De Torres.

Also impleaded in the complaint were Calata directors Fr. Conrado Zablan, Johnny Uy, Halmond Parker Ong, and Edmund Solilapsi, as well as, Michael Foxman, director at the Macau Resources Group Ltd, and some unidentified individuals.

According to the GMA News Online, the SEC accused Calata of misleading the public when it disclosed last August that it was expecting to secure a license from the state-run Philippine Amusement and Gaming Corp. (Pagcor) to proceed with the Mactan Leisure City project by the end of 2017.