Plan holders hit Yuchengco group for fraud

PLAN holders of the defunct Pacific Plans Inc. of the Yuchengco group and its successor Abundance Providers and Entrepreneurs Corp. (Apec) decried the small amounts offered to them as repayment for their hard-earned investments, as they sued the firms and their executives for syndicated estafa.

“Our common aspiration is for us to be able to regain what we lost because of the way our money was managed by the Yuchengo businesses,” said one plan holder who was offered just P1,400 for his P100,000 pension plan.