MANILA, Philippines — A son-in-law of Cebuano mall tycoon Eddie Gaisano was arrested recently over a syndicated estafa case involving a P24-million investment anomaly. The case stemmed from a complaint filed by another daughter of Gaisano, Valerie Gaisano-Sebastian, over the alleged unauthorized trading of her investment amounting to over P24 million. Derwin, whose family used to run DW Capital Inc. (DWCI), will remain in detention while on trial for syndicated estafa, a non-bailable offense. In her com­plaint, Gaisano-Se­bas­tian said Derwin convinced her and some members of her immediate family to entrust the trading of their shares to DWCI. She alleged that a review of DWCI’s transactions revealed that there were unauthorized sales of her shares of stock amounting to P24.3 million.

Source: Philippine Star April 27, 2019 15:38 UTC