SEC asked to probe ABS-CBN execs for alleged ‘fund misuse’

MANILA, Philippines — Businessman Federico “Piki” Lopez has asked the Securities and Exchange Commission to investigate top officials of ABS-CBN Corp. over alleged misuse of company funds. In a complaint filed on May 6, Piki sought an audit of the media giant and an independent management committee to halt what he called the company’s “unabated dissipation”