{"id":62575,"date":"2015-10-07T18:34:48","date_gmt":"2015-10-07T10:34:48","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=62575"},"modified":"2015-10-07T21:07:57","modified_gmt":"2015-10-07T13:07:57","slug":"binay-faces-plunder-raps-anew-this-time-over-bsp-alphaland-deal","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/10\/07\/binay-faces-plunder-raps-anew-this-time-over-bsp-alphaland-deal\/","title":{"rendered":"Binay faces plunder raps anew, this time over BSP-Alphaland deal"},"content":{"rendered":"
\"Vice<\/a>
Vice President Jejomar Binay (Facebook photo)<\/figcaption><\/figure>\n

MANILA \u2013 Vice President Jejomar \u201cJojo\u201d Binay faced a fifth plunder complaint filed before the Office of the Ombudsman (OMB), failing to account P3 billion worth of investments from a joint venture agreement between the Boy Scouts of the Philippines (BSP) and private developer Alphaland Development, Inc. (ADI).<\/p>\n

Binay lost P3 billion earnings from a P600-million sale of a one-hectare land at the corner of Ayala Avenue Extension and Malugay Street in Makati City. The property was owned by the BSP.<\/p>\n

Aside from the Vice President, also linked to the complaint were BSP National Executive Board members Wendel Avisado, Romulo Brillantes, Pepito Carpio, Dale Corvera, Jose Eduardo Delgado, Pedro Destura, Del de Guzman, Miguel de Jesus, Henry Dy, Maximo Edralin, Jose Maria Gastardo, Enrique Lagdameo, Roberto Pagdanganan, Rizal Pangilinan, Remedios Petilla and Arturo Umbac.<\/p>\n

Former Makati City Vice Mayor Ernesto Mercado, the complainant, claimed that Binay and the 16 BSP officers committed plunder by \u2018acting in conspiracy\u2019 when it entered into a joint venture with Alphaland. He also pointed out that Alphaland officials themselves admitted that the BSP\u2019s 15 percent share from the joint venture was now worth P3 billion.<\/p>\n

Questioning the soundness of the controversial deal, Mercado clarified that he was \u2018not saying that the Vice President stole the BSP money, but could not account for P3 billion.\u2019<\/p>\n

\u201cHanggang ngayon ay wala pang natatanggap ang BSP mula sa pagbenta ng lupang ito<\/em>. Napakamura nilang binenta<\/em>, sa halagang P600 million<\/em>. Pero kahit \u2018yung P600 million ay hindi pa natatanggap ng BSP<\/em>,\u201d he said.<\/p>\n

(Until now, the BSP has not yet received any payment from the sale of this land. They sold it very cheaply, in the amount of P600 million. But even the P600 million has not yet been received by the BSP.)<\/p>\n

Not incurring any profit or income from the anomalous sale, the former Makati Vice Mayor also disclosed that Binay and the BSP officers caused injury and disadvantage to the government.<\/p>\n

Binay\u2019s camp, for their part, asserted that it was in fact Mercado who was liable for the P3 billion worth of investments as he was the one who negotiated and signed the deal with Alphaland allegedly on the Vice President\u2019s behalf.<\/p>\n

\u201cKung may kakasuhan sa Alpahaland deal<\/em>, dapat si ex-Vice Mayor Mercado<\/em>. Malinaw na si Mercado ang nag-ayos ng kasunduan at humingi ng lagay sa Alphaland<\/em>. Ayon \u2018yan mismo sa opisyal ng Alphaland na si Atty. Mario Oreta<\/em>,\u201d lawyer Rico Quicho said.<\/p>\n

(If there will be anyone arraigned in the Alphaland deal, it should be ex-Vice Mayor Mercado. It\u2019s clear that Mercado\u2019s the one who transacted with the deal and asked for a commission from Alphaland. That\u2019s from Alphaland official Atty. Mario Oreta\u2019s statement.)<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2013 Vice President Jejomar \u201cJojo\u201d Binay faced a fifth plunder complaint filed before the Office of the Ombudsman (OMB), …<\/p>\n","protected":false},"author":33,"featured_media":24487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,1145,16,95,4377],"tags":[249],"class_list":["post-62575","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-headline","category-news","category-news-ph","category-public-probe","tag-rewrite","mauthors-cyra-moraleda","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/62575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=62575"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/62575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/24487"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=62575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=62575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=62575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}