Bengzon v. Fountel Corp.

August 13, 2020SEC EN BANC CASE NO. 12-19-466DR. ALFREDO R.A. BENGZON,complainant-appellant,vs. FOUNTEL CORPORATION, FELICITAS ANTOINETTE, INC.,VIVA HOLDINGS (PHIL.) PTE. LTD. & VIVA HEALTHCARE LIMITED,respondent-appellees.SEC EN BANC CASE NO. 12-19-467FOUNTEL CORPORATION and FELICITAS ANTOINETTE, INC.,respondent-appellants,vs. PSI SPECIAL HEARING PANEL,appellee.DECISIONBefore this Commission are (a) the Appeal Memorandum dated 10 December 2019 (the "Bengzon Appeal") 1 filed by Dr. Alfredo R.A. Bengzon ("Dr. Bengzon") and (b) the Appeal Memorandum dated 10 December 2019 (the "Fountel and FAI Appeal") 2 filed by Fountel Corporation ("Fountel") and Felicitas Antoinette, Inc. ("FAI"),both in SEC SHP Case No. PSI-18-02. The Bengzon Appeal seeks the modification of the Resolution dated 22 November 2019 (the "Resolution") issued by the Special Hearing Panel (SHP), praying that an Order be issued by the En Banc (a) voiding and nullifying the PSI shares acquired by Fountel, FAI, Viva Holdings (Philippines) PTE. LTD. and Viva Healthcare Limited beginning 1 August 2013, (b) declaring Fountel, FAI, Viva Holdings (Philippines) PTE. LTD. and Viva Healthcare Limited guilty of fraud under Section 26 of the Securities Regulation Code (SRC), and (c)...