MANILA, Philippines – The non-declaration of dividends by a corporation is not illegal and prohibited under the Revised Corporation Code of the Philippines, the camp of Vice President Sara Duterte pointed out on Tuesday. Defense lawyer Justin Nicol Gular cited the law during his cross-examination of prosecution witness Securities and Exchange Commission (SEC) Company Registration and Monitoring Department Director Gerardo del Rosario. READ: 10 of 18 firms linked to VP Duterte, husband paid no dividends – witness Del Rosario’s testimony on Monday revealed that 10 of 18 companies allegedly linked to Duterte and her husband, lawyer Manases Carpio, had no declared […]...

Keep on reading: Non-declaration of dividends not illegal, Sara Duterte's camp points out