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(Eagle News)–The Court of Appeals has junked the petition for review filed by online news site Rappler Inc. and Rappler Holdings Inc. against the decision of the Securities and Exchange Commission to revoke their certificate of incorporation. In a 72-page decision, the CA Special 12th Division denied the SEC had committed grave abuse of discretion when it made the revocation for what it said were Rappler Inc.’s and Rappler Holdings Inc.’s violation of the Constitution and foreign-equity […]
QUEZON CITY, Philippines (Eagle News) — Presidential Spokesman Harry Roque denied that the Duterte administration influenced the decision of the Securities and Exchange Commission in revoking Rappler’s registration. “He had nothing to do with this decision. He was not even aware that this decision was coming up,” Roque said. Roque also said that the commissioners of the SEC were all appointees of former President Benigno “Noynoy” Aquino III. “It’s [a decision made] by individuals who […]
