Amid the dismissal of fraud allegations hurled against it, Ray Casa Group of Companies continuously stands firm on the ground and even ready to build and deliver more projects in the pipeline. Know more:
Ray Casa Group of Companies Chief Executive Officer Jennylyn Floresca answers the question from the media during their press conference held simultaneously online and in-person at the RNJ Hotel Vera Hills in Baguio City on July 21. Joining her are the members of the company’s legal counsel team Atty. Benny Bomogao, Atty. Dante Bagsan, and Atty. Kimberly Joy P. Chilagan.
After seeing the presentation of the Group’s officers and incorporators, as well as the act of accepting money of its employees from one of the attendees, the counsel said that the SEC EIPD conducted a warrantless arrest and seized the belongings of Ray Casa Group Chief Executive Officer Jennylyn Floresca and 23 employees and individuals.
Currently, it has primary licenses which are Brokerage, Appraisal, and Consultancy & Development via its real-estate units Casa Infini Properties & Development Corp. and Casa Infini Builders & Realty Co Ltd. After further investigations, the Baguio City Prosecution Office issued on July 20 the dismissal resolution on the SEC complaint.
“Statistics-wise, the capacity of Ray Casa Group of Companies right now is P500 million to P1 billion worth of project approvals,” the CEO said of the amount of loans from commercial banks and other institutions that are pending and on hold due to the case that stemmed from the petition filed against her by Atty. Camtugan, whom she claimed has a “personal vendetta” for suing him for cyber libel and disbarment complaints.
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