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Mar 28 19, 5:50 am

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Maria Ressa, other Rappler execs face charges for anti-dummy law violation

by | News

Mar. 28, 19 | 5:50 am

Rappler CEO and executive editor Maria Ressa and other members of the media company’s 2016 board have been charged in court for allegedly violating the Anti-Dummy Law.

According to the Pasig Regional Trial Court, Senior Assistant City Prosecutor Randy Esteban accused Ressa, and board members Manuel Ayala, Nico Jose Nolledo, Glenda Gloria, James Bitanga, Felicia Atienza, and James Velasquez, of allowing a foreign company, Omidyar Network Fund, intervene with Rappler’s operations.

The Philippines, under the anti-dummy law, prohibits foreigners from intervening in the management, operation, administration, or control of any nationalized activity.

The media company’s anti-dummy case is related to the order of the Securities and Exchange Commission (SEC) to revoke Rappler’s license to operate in the Philippines.

It stems from the allegation that Rappler violated rules by engaging in a fraudulent transaction and circumventing constitutional restrictions on foreign ownership.

Due to the alleged intervening and funding of Omidyar Network Fund, Rappler’s executives are accused of violating the constitutional requirement for mass media to be 100% Filipino owned.

Rappler has already denied such allegations saying that it is owned by Filipinos.

The six board members have already posted bail worth P90,000 each. But Ressa is still out of the country and cannot post bail yet.

Rappler is also reportedly facing charges of violating the Securities Regulations Code (SRC), but another judge will be handling the case.

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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