Monthly Archives: March 2014

By: Jet Villa, InterAksyon.com March 17, 2014 7:45 AM

FILE PHOTO

InterAksyon.com The online news portal of TV5

MANILA - Five doctor-incorporators of the Philippine Society for Stem Cell Medicine (PSSCM) face charges and may have their medical licenses revoked for submitting a fabricated endorsement from the Professional Regulation Commission (PRC) to the Securities and Exchange Commission (SEC).

Among them are chairman of the Philippine Medical Association Leo Olarte, PSSCM treasurer and legal counsel; Bu Castro, secretary; Rey Melchor Santos, president; Oscar Tinio, vice president; and Jose Asa Sabili, chairman.

In a statement, PRC Chairperson Teresita Manzala on Sunday said she directed the Professional Regulatory Board of Medicine (PRBOM) to initiate, investigate, and file charges against the five doctors before the PRCs legal division for unprofessional, dishonorable, and unethical conduct.

Earlier on 10 January 2014, the SEC cancelled the registration of the PSSCM for submitting a fabricated document. In an order signed by SEC Acting Director Ferdinand Sales, the commission said the PSSCM had committed fraud in procuring its Certificate of Incorporation for its application for corporate registration.

Wherefore, premises considered, the Certificate of Registration of Philippine Society for Stem Cell Medicine with SEC Registration No. CN201303986, approved on March 6, 2013 is hereby revoked, the order reads.

Falsified endorsement

SEC said PSSCM submitted a 2ndPRC Indorsement, dated 20 February 2013, supposedly from Manzala. But on14 August 2014, SEC received a letter-complaint from Manzala informing the commission that the signature appearing in the alleged favorable indorsement from PRC was not hers and, thus, falsified.

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DINUKTOR | 5 stem cell society doctors face raps for submitting falsified PRC endorsement to SEC

Leo Olarte, M.D., PMA president. PHOTO from http://www.philippinemedicalassociation.org

MANILA, Philippines Politics over stem cell treatment may be behind the move to slap an ethics case against him for allegedly falsifying signatures, the Philippine Medical Association (PMA) president said.

In an interview over Inquirer Radio 990 AM on Monday, Dr. Leo Olarte said he found it suspicious that Professional Regulation Commission (PRC) Chair Teresita Manzala announced the ethics case against him on the day of the elections for the next PMA president.

He claimed Manzala slapped the ethics case before the PRC to ruin his chances of being re-elected in the countrys largest doctors association.

Olarte said Manzala has connections to doctors who are against stem cell medicine. Olarte is a supporter of stem cell treatment.

Manzala released the statement on the day of our elections specifically to destroy my name Manzala (also) has connections to doctors who are against stem cell. I am pro-stem cell treatment while my rival (for president) is not, Olarte said in Filipino.

In a Philippine Daily Inquirer report on Sunday, Olarte and his four predecessors were charged with fraud in the registration of the Philippine Society for Stem Cell Medicine (PSSCM) in the Securities and Exchange Commission.

Olarte and the four others Bu Castro, Rey Melchor Santos, Oscar Tinio and Jose Sabili were accused of forging Manzalas signature in an endorsement for the incorporation of the PSSCM.

But Olarte blamed a syndicate behind the alleged forgery.

He said the PMA paid a private trading company to process the PSSCMs incorporation with the SEC. The doctor did not name the company.

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Stem cell politics behind forgery chargesPMA president

By: Jet Villa, InterAksyon.com March 17, 2014 7:45 AM

FILE PHOTO

InterAksyon.com The online news portal of TV5

MANILA - Five doctor-incorporators of the Philippine Society for Stem Cell Medicine (PSSCM) face charges and may have their medical licenses revoked for submitting a fabricated endorsement from the Professional Regulation Commission (PRC) to the Securities and Exchange Commission (SEC).

Among them are chairman of the Philippine Medical Association Leo Olarte, PSSCM treasurer and legal counsel; Bu Castro, secretary; Rey Melchor Santos, president; Oscar Tinio, vice president; and Jose Asa Sabili, chairman.

In a statement, PRC Chairperson Teresita Manzala on Sunday said she directed the Professional Regulatory Board of Medicine (PRBOM) to initiate, investigate, and file charges against the five doctors before the PRCs legal division for unprofessional, dishonorable, and unethical conduct.

Earlier on 10 January 2014, the SEC cancelled the registration of the PSSCM for submitting a fabricated document. In an order signed by SEC Acting Director Ferdinand Sales, the commission said the PSSCM had committed fraud in procuring its Certificate of Incorporation for its application for corporate registration.

Wherefore, premises considered, the Certificate of Registration of Philippine Society for Stem Cell Medicine with SEC Registration No. CN201303986, approved on March 6, 2013 is hereby revoked, the order reads.

Falsified endorsement

SEC said PSSCM submitted a 2ndPRC Indorsement, dated 20 February 2013, supposedly from Manzala. But on14 August 2014, SEC received a letter-complaint from Manzala informing the commission that the signature appearing in the alleged favorable indorsement from PRC was not hers and, thus, falsified.

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DINUKTOR | 5 stem cell society doctors face raps for submitting falsified document to SEC

PRC: Stem cell group submitted fake SEC registration. At a press conference in Manila on Monday, March 17, Professional Regulation Commission chairperson Teresita Manzala said the PRC endorsement documents allegedly submitted by the Philippine Society for Stem Cell Medicine (PSSCM) to the Securities and Exchange Commission (SEC) were fabricated and have her tampered signature. The SEC previously revoked the corporate registration of the PSSCM. Danny Pata

In a statement, Professional Regulation Commission (PRC) chair Teresita Manzala said she has asked the Professional Regulatory Board of Medicine (PRBOM) to initiate, investigate and file charges against doctors Leo Olarte, Bu Castro, Rey Melchor Santos, Oscar Tinio and Jose Asa Sabili before the PRCs legal division.

Olarte is the current president of the PMA.

The five doctors are all incorporators of the Philippine Society for Stem Cell Medicine (PSSCM,) which was able to obtain an SEC certificate despite previously being denied corporate registration. They were able to do this, said the statement, by submitting false PRC endorsements to the commission.

The PRBOM eventually got hold of a copy of the SEC Registration. On examination of the supposed PRC Endorsement, it was noted that the reference regulatory law used was the Philippine Veterinary Law of 2004, instead of Republic Act 2382, otherwise known as the Medical Act of 1959, and there appeared a signature of the PRC Chairperson, the PRC statement said.

Manzala said complaints were filed against the doctors for unprofessional, dishonorable and unethical conduct.

According to the statement, the incorporators later denied participation in obtaining the SEC registration, instead naming a Dr. Mike Aragon as the person who obtained the certification.

In a notarized affidavit submitted to the PRBOM, 'Dr. Mike Aragon' declared that he was the person authorized to register a corporation to be called 'Philippine Society for Stem Cell Medicine' and admitted paying 15,000 pesos to a trading company for them to file the necessary documents for incorporation of the PSSCM, the PRC statement said.

But Aragon claimed to have had no participation whatsoever in the actual processing of the SEC papers for incorporating the PSSCM. Patricia Denise Chiu/BM, GMA News

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5 doctors charged with falsifying papers to get certificate for stem cell group