THE central bank yesterday filed P1 billion in syndicated estafa charges, for which bail is not allowed, against Celso delos Angeles Jr. and other officers of the cash-strapped Legacy Group for allegedly duping investors.

Separately, the Securities and Exchange Commission filed criminal charges against the same people for violations of the Securities Code.

The commission also ordered six companies under the Legacy Group to preserve their assets for distribution to pre-need plan holders, investors and creditors.

?The criminal schemes conceived and hatched by Mr. Delos Angeles himself were used to swindle the public and to siphon funds from the Rural Bank of DARBCI,? the central bank said in a statement. Jennifer B. Austria and Rey E. Requejo