Wahana Credit and Loan Corp./Wahana Multi Purpose Bank

February 26, 2018SEC ADVISORYThe public is hereby warned concerning the alleged investment taking activities of WAHANA CREDIT AND LOAN CORPORATION/WAHANA MULTI PURPOSE BANK, with office located at No. 467 Alabang-Zapote Road, RR Gonzales Commercial Building, Las Piñas City. WAHANA CREDIT AND LOAN CORPORATION/WAHANA MULTI PURPOSE BANK are not SEC-registered entities and were not issued Certificates of Authority to Operate as Lending and/or Financing Companies.Information that reached this Commission disclosed that said entities, with alleged business of lending money to casino players, are soliciting investments from the public with a promise of return as high as 12% weekly interest or 48% monthly interest.For the information of the public, WAHANA CREDIT AND LOAN CORPORATION/WAHANA MULTI PURPOSE BANK are not authorized to solicit investments from the public as they have no necessary permit from this Commission as required under Section 8 of the Securities Regulation Code (SRC).Those who invite or recruit other people to join or invest in this venture or offer investment contracts or securities to the public may be held criminally liable or accordingly sanctioned or...