- Rappler CEO Maria Ressa called the SEC closure order as “harassment” and claimed it did not go through “due process”
- She said they will fight the decision in court
Rappler issued their statement after their incorporation papers was revoked by the Securities and Exchange Commission (SEC).
The SEC en banc had reportedly found Rappler Inc. liable for “violating the constitutional and foreign equity restrictions in mass media.”
This came after SEC claimed that a foreign network, Omidyar Network, a fund created by eBay founder and entrepreneur Pierre Omidyar, controlled its operations.
Maria Ressa, Rappler’s CEO called for a press conference immediately after the decison broke out. Ressa explained that the decision didn’t go through “due process.” She was quoted by ABS-CBN saying, “They didn’t go through due process. The en banc, essentially, issued an order to shut us down without giving us the opportunity to respond to what the special panel found. It wasn’t a normal process.”
She also continued that this was nothing but a continuation of the harassment they have been receiving, “I guess this is the last part of the kind of harassment that journalists have had in the last year or so. In Rappler, it began a year and a half ago.”
Ressa added that the decision will not stop them and that they will fight the decision in court. She said, “We stand tall. We stand firm. It’s good. This is a moment we say we stand for press freedom. What we will do is prepare to fight. Our lawyers are preparing our next step.”
Watch Rappler’s press conference via ABS-CBN’s YouTube channel: