"The evidence clearly showed there is at least a strong prima facie case that there has been an attempt to defeat the ends of justice, " lawyer George Bizos told the inquest, according to the Sapa news agency.
The 16-man staff of the Compliance and Surveillance Group (CSG) of the Philippine Stock Exchange, headed by lawyer Ruben Almadro, has found "more than sufficient evidence for the SEC to initiate and establish a prima facie case for price manipulation and insider trading" against Dante Tan.