Suhail Medical Center

November 16, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Commission has received information that individuals or group of persons representing an entity named SUHAIL MEDICAL CENTER and SUHAIL MEDICAL CENTER, INC. , headed by JESSER T. CORDOVA are enticing the public to invest in said entities. Information gathered from reports received by this Department shows that a certain entity named SUHAIL MEDICAL CENTER is inviting the public to invest and be a co-owner of Suhail Medical Center , a hospital located at Brgy. Punta, Batino Exit, Calamba Laguna for a promise of enjoying a lifetime revenue. It was further reported that a capital contribution of Php1,060,000 entitles a co-owner for 1 seat or half a seat for a contribution of Php550,000. Attached is a screenshot copy of the said report: In its Facebook Page, SUHAIL MEDICAL CENTER is enticing the public to be a co-owner of Suhail Medical Center for a promise of enjoying a lifetime revenue. In the same FB Page, SUHAIL MEDICAL CENTER promises their co-owners the following; Guaranteed income, Revenue based on performance (quarterly), Free laboratories and check-ups for the co-owners and their next of kin, and a lifetime income. Below is a screenshot copy of the said FB post: The public is hereby informed that SUHAIL MEDICAL CENTER and SUHAIL MEDICAL CENTER INC. , are not authorized to solicit investments from the public, not having secured prior registration and/or license to sell securities or solicit investments as prescribed under Section 8 of the Securities Regulation Code (SRC). Further, in its 30 October 2021 Certification, the Department of Health (DOH)-Health Facilities and Services Regulatory Bureau certified that a review of records of their Bureau showed that there is no existing licensed health facility by the name SUHAIL MEDICAL CENTER located at Calamba, Laguna. Even a health facility with that name applying for any authorization (License to Operate, Certificate of Accreditation, Certificate of Registration or Authority to Operate a health facility) does not exist. Those who act as salesmen, brokers, dealers or agents of the said entity in selling or convincing people to invest in the investment scheme it is being offered including soliciting investments or recruiting investors through the internet may be held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million Pesos (Php5,000,000.00) or imprisonment of Twenty-One (21) years or both pursuant to Section 73 of the SRC (SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2014) . Furthermore, the names of all those involved will be reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed. In view thereof, the public is hereby advised to exercise caution in dealing with any individual or group of persons soliciting investments for and on behalf of SUHAIL MEDICAL CENTER and SUHAIL MEDICAL CENTER, INC. The public is further advised NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by the subject entities or its representatives. Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department (EIPD) at telephone number 8818-6047 or email at or visit the EIPD at Ground Floor, North Wing Hall, Secretariat Building, PICC Complex, Pasay City. For the guidance of the public. Pasay City, November 16, 2021.