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Philippine Supreme Court Affirms PHP 2 Million Fine Against Company for Incomplete Audited Financial Statements
March 09, 2026

MANILA, Philippines, March 9 -- The Supreme Court of the Philippines issued the following news release:

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SC Affirms PHP 2 Million Fine Against Company for Incomplete Audited Financial Statements

The Supreme Court (SC) has upheld the PHP 2 million fine imposed on Abacus Coal Exploration and Development Corporation (Abacus Coal) for failing to fully disclose the true value of its assets in its Audited Financial Statements (AFS).

In a Decisio . . .

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