CHARGES of syndicated estafa were filed against a group of Indians and their cohorts for the alleged illegal sale of black sand worth US$ 1.8 million or about P9.6 million from a mineral processing plant in San Marcelino, Zambales.
Former officials of Templeton Resources Inc. (TRI), a mining company led by Jose Miranda, filed the complaint at the Prosecutor’s Office in Iba Zambales.
Those charged were Maqsood Ahmed Khan, Krishna Reddy and Kaliyur Jambunathan Guru Prasad.
Miranda claimed that Prasad listed TRI with the Securities and Exchange Commission but he later took control of the company.
Prasad headed the company until his resignation last year. Khan, meanwhile, was named project head while Reddy was also an official of the company until his termination. All of the respondents, Miranda claimed, are not authorized by the firm to transact business or sell any minerals extracted from their mining sites.
Prasad reportedly went into hiding after the Bureau of Immigration issued in May 2014 a voluntary deportation order against him. Reddy and Khan appealed the bureau’s order to deport them.
In his complaint affidavit, Miranda said Khan exported 33,300 metric tons of magnetite or black sand to China between March and May 2014 without authority from the company However, the proceeds of the sale amounting to $1,831,500 (at $55 per metric ton), were not remitted to the firm.
When Miranda confronted Khan about the illegal sale, the latter claimed that the money was sent to Mali where Templeton Resources allegedly operates a mine. Upon checking however, Miranda learned that from Khan that the money was given to Dawud Ibrahim, an alleged Al qaeda leader in the Middle East.
Miranda reported the matter to Philippine intelligence agencies. Agents from the United States’ Homeland security also investigated the matter.
The complainant also alerted the provincial government of Zambales, the Mines and Geosciences Bureau (MGB) after receiving information that the Indians are trying to export another 7,000 metric tons of black sand illegally.