SEC warns buyers of Napoles properties
Napoles properties worth P3 billion, whistleblower says
MANILA - The Securities and Exchange Commission (SEC) on Tuesday warned potential buyers of properties and business companies of Janet Lim Napoles.
SEC Secretary Gerard Lukban said any deal involving the properties of the detained businesswoman at the center of the P10-billion pork barrel scandal is a "gamble".
"Buyer, beware dapat iyong susugal. Alam nila na kahit wala pang order, puwede pa rin silang habulin kahit ngayon nila binili ito," he said. "Kapag na-revoke, they lose their existence."
Lukban said the SEC will review the papers of 5 companies allegedly owned or controlled by Napoles.
These are JCLN Global Properties and Development Corp., JLN Corp., JLCN Real Estate Development Consortium Inc., La Roca Enterprises, and RLG Solutions.
Various properties and vehicles are registered under the 5 companies.
The SEC issued the warning after one of the lawyers for the whistleblowers in the pork barrel scam sought help from the commission.
Lawyer Lourdes Benipayo said the 5 companies were used as "fronts" by Napoles.
"They were registered with fraud and we want their certification revoked," she said.
Based on the testimony of Napoles' former bookkeeper, Marina Sula, more than 50 houses, lots, and condominium units, as well as over 30 vehicles of the Napoles family are registered under the 5 companies.
The whistleblowers claim the properties and vehicles are worth more than P3 billion.
"Ang dami naghihirap tapos ganito ginawa," Benipayo said. "Pera ng taumbayan ang perang ginamit dito kaya di tayo papayag na maibenta nila ang mga ari-ariang ito."
"Hindi sa kanila iyan. Buwis natin iyan," she added.
The whistleblowers' camp has also asked the Land Registration Authority and Land Transportation Office to prohibit the sale of Napoles' properties and vehicles while the plunder complaint against the businesswoman is pending.
Earlier, Napoles's lawyer Lorna Kapunan said her client is not violating any law if it's indeed true that she is selling her assets.
"Bakit hindi? She is justified in selling her assets. She has to live. She is in detention. Her husband has no job. Her kids have to go to school," she said.
"The Constitution guarantees that there can be no confiscation without due process of law. She has no income. It is becoming a problem where to buy grocery," Kapunan added.
The SEC is set to summon all the incorporators of the companies linked to Napoles.
The commission will hear their side before deciding whether to revoke the certificates of registration of those companies. - with ANC