DTI warns CDeO public against money loan scam

17 May DTI warns CDeO public against money loan scam

source: news.abscbn.com

From an article of Philippine Information Agency (PIA), the Department of Trade and Industry warned the public regarding a group of people who are allegedly collecting money to avail a loan.

DTI warned the public against these people who tend to scam by making the victims believed that they are members of “Hugpong Movement of the Philippines”.

Victims reported that scammers collected P100 each in Misamis Oriental for ID payment that can be used to borrow a P15,000 under Pondo sa Pagbabago at Pag-asenso (P3) Program.

Further, it was stated by DTI Small Business Corporation Officer- Jade Montero that Misamis Oriental is not included in the P3 program.

He added, in the initial implementation of the program, there 30 provinces and Misamis Oriental is not included and those who complained were from Misamis Oriental.

Police Regional Office 10 Spokesperson- Police Supt. Lemuel Gonda said that there were no blotters regarding the modus in the region but he advised the public to report instantly to their offices.

On the other hand, City Director Hugpong Federal Movement of the Philippines in Cagayan de Oro- Eldie Rotoras said that suspected con artists were just using their group’s name. They have a national ID, but it is not compulsory and cost P50.

Lastly, DTI reminded the public that they can visit their regional office to inquire about the P3 program that aims to help small business entities.