Frasco’s business partner CHARGED

Duke-Frasco-300x225

Liloan Mayor Vincent Franco “Duke” Frasco.

A businessman  was charged in court for   allegedly defrauding Liloan Municipal Mayor Vincent Franco “Duke” Frasco  and his wife Christina.

The Cebu City Prosecutors’ Office filed a charge of qualified theft against  Alexander Paul Bowler.

Bowler, chief executive officer and general manager of Strictly Politics Cafe Inc., allegedly issued checks amounting to P496,469, had it encashed, and used it for personal purposes.

The Frasco couple are shareholders of the corporation with  Mayor Frasco as president and his wife  as  corporate secretary. They said Bowler, CEO of the company, handled day-to-day operations.  He  managed to  transfer corporate funds to his personal account and was unable to present receipts and records for the amount he withdrewto show they were actually used for corporate expenses.

The Frascos sued for  P9 million in damages.

Read more...