Abra Mining officials, agents fined P560M for bogus shares

The Securities and Exchange Commission (SEC) has slapped fines totaling P560 million on Beloy family-led Abra Mining & Industrial Corp. for the illegal sale and trade of spurious shares spanning five years. The issue stemmed from irregularities in the company’s shares lodged with the Philippine Depository and Trust Corp. (PDTC) that the SEC said way
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