News & Updates

Google
Custom Search

Full Statement of Mega World in Connection with the ongoing impeachment trial of Chief Justice Corona

posted Jan 31, 2012, 2:40 AM by Admin ---

With the ongoing impeachment proceedings, there have been a number of reports and news articles that have mentioned the developments of our company, Megaworld Corporation, in relation to the much debated Statement of Assets, Liabilities and Net Worth (SALN) of Chief Justice Renato Corona.

 

In all these reports, we have chosen to remain silent primarily due to our Company's privacy policy of maintaining strict confidentiality with respect to all client information. We believe that it would be most prudent for us to give any and all our statements before the impeachment court since we received subpoenas to appear and to produce specified documents before said court very early in the trial.

 

However, after the exhaustive testimony given by our Finance Director, and after delivering all the documents that were requested by the impeachment court, there were allegations regarding the transactions mentioned, and some of these allegations purport to allege that the sale of the units mentioned in the impeachment proceedings were in consideration for favors received or requested from the Court.

 

These allegations are completely baseless and malicious. A cursory examination of the records of the Court's decisions, which are open to the public, including legal "analysts" and "commentators," would readily show that Megaworld has never requested nor obtained any favor from anyone in the Court, including the Chief Justice who is presently standing trial.

 

From our records, there have been three (3) cases that have been decided with finality by the Court, to wit: 

 

1. The first Megaworld case decided by the Supreme Court penned by Justice Corona was in 2004, four (4) years before the purchase of the Bellagio unit. MEGAWORLD PROPERTIES AND HOLDINGS, INC. vs. HON. JUDGE BENEDICTO G. COBARDE, G.R. No. 156200. (2004) The Third Division rendered the Decision dated 31 March 2004, in favor of Megaworld Properties and Holdings, Inc.

 

All the members of the division concurred. The disposition portion reads:"WHEREFORE, premises considered, the instant petition is hereby Granted, the decision of the Court of Appeals dated August 28, 2002 and its resolution of November 20, 2002 are hereby set ASIDE. The order of public respondent judge dated June 29, 2001 executing the compromise agreement as well as the writ of execution and notices of garnishment are hereby declared NULL AND VOID"Pursuant to said Decision, Megaworld filed a motion for restitution with the trial court seeking to recover from the respondents the principal amount of Php5,853,793.01 plus interests which was the amount illegally garnished and obtained by the respondents. 

 

2. In 2007, or a year before the purchase of the Bellagio unit, the division in which Justice Corona was a part of, issued an adverse decision dismissing the Petition filed by Megaworld Globus Asia, Inc. MEGAWORLD GLOBUS ASIA, INC., vs. CELERICA HOLDINGS, INC., G.R. No. 175391. (2007)The First Division, of which Justice Corona was part, rendered its Minute Resolution dated 17 January 2007 against Megaworld Globus dismissing its Petition for Review under Rule 45. In effect, the Supreme Court affirmed the adverse Decision against Megaworld Globus.

 

The Judgment awarded by the HLURB against Megaworld Globus is as follows:"WHEREFORE, premises considered, judgment is hereby rendered as follows:1. Declaring as cancelled and rescinded the contract to buy and sell entered into by and between the complainant and respondent; and 2. Ordering Respondent to pay the complainant the following sums:a. The amount of Fourteen Million Five Hundred Twenty Two Thousand Nine Hundred Twenty Five Pesos & 68/100 (P14,522,955.68) with interest thereon at twelve percent (12%) per annum to be computed from the time of Complainant's demand for refund on December 12, 2000 until fully paid,b. The amount of Fifty Thousand Pesos (P50,000.00) as exemplary damages,c. The amount of Fifty Thousand Pesos (P50,000.00) as attorney's fees, and d. The cost of suit"Megaworld Globus paid the above amounts to respondent, in addition to a three-bedroom condominium unit at the Salcedo Park as payment for the interest. The total amount paid to respondent, including the amount of the condominium unit, is about Php 26 Million.3. About a year after the purchase of the Bellagio unit, the Supreme Court again issued an adverse Decision against Megaworld Globus Asia, Inc.

 

It is a significant to note that even before spouses Corona finished their amortization of the Bellagio unit, Justice Corona voted against Megaworld Globus in:MEGAWORLD GLOBUS ASIA, INC., vs. TANSECO, G.R. No. 181206. (2009)The Second Division rendered the decision dated 9 October 2009, penned by Justice Carpio-Morales against Megaworld Globus Asia, Inc. Justice Corona concurred in the Decision.The dispositive portion of the Decision reads:"WHEREFORE, the challenged Decision of the Court of Appeals is, in light of the foregoing, AFFIRMED with MODIFICATION."As modified, the dispositive portion of the Decision reads:"The July 7, 1995 Contract to Buy and Sell between the parties is cancelled. Petitioner, Megaworld Globus Asia Inc., is directed to pay respondent, Mila S. Tanseco, the amount of P14,281,731.70 to bear 6% interest per annum starting May 6, 2002 and 12% interest per annum from the time the judgment becomes final and executory; and to pay P200,000 attorney's fees , P100,000 exemplary damages, and costs of suit."In satisfaction of the judgment, Megaworld Globus paid the total amount in Pesos: Twenty One Million Seven Hundrer Twenty-five Thousand Four Hundred Thirty-eight and 02/100 (P21,725,438.02) to respondent.

 

The cases speak for themselves. For the record, we wish to state that in all our business dealings with Chief Justice Corona, the Company has neither solicited nor obtained any favor either from the Chief Justice or from the Court. The records of decided cases involving our Company are open to scrutiny since the same form part of public documents. In all these cases, we have followed all judicial processes, availed of all legal remedies and abided by all the final decisions of the Court.As a Company, we shall continue to uphold the highest standard of ethical business practices. 

 

With the impeachment trial in progress at the Senate, we shall refrain from giving any further comment on this matter in due deference to the constitutional process taking place at the Senate. 

 

Thank you.

MEGAWORLD CORPORATION


"this is taken from GMA NEWS"

Drug Leader Linked In 600 Killings Arrested In Mexico

posted Oct 17, 2011, 10:51 AM by Admin ---

The Mexican police scored big on its anti-illegal drugs campaign when it successfully arrested a drug leader tagged in the death of 600 people in the Latin country.

Based on the records from Mexican police the arrested suspect was identified as Garcia Montoya, 36, leader of the brutal drug gang called "The Hand with Eyes".

"The Hand with Eyes" is one of the groups blamed for bringing the drug violence typical of northern Mexico to Mexico City and its surrounding areas.

The organization is known for extreme violence, including decapitations. Many of its victims have been drug dealers and rivals killed as the group fought for control of drug sales in Mexico state, an area that includes many of the poor suburbs ringing the capital.

The police said Montoya is a deserter from the Mexican marines who worked as a bodyguard for major cartel figures including Edgar Valdez, aka "La Barbie," a top assassin for the Beltran Leyva cartel until he was arrested in 2010.

With the capture or death of Valdez and most of the leaders of the Beltran Leyva cartel, Garcia split off and formed his own group.

Montoya in his confession admitted participating in 300 killings and his involvement in 300 other killings.
Moreover, it was learned that Montoya had received some training from members of the Guatemalan special forces called the "Kaibiles," who are known for massacres during the Guatemalan civil war that ended in the 1990s.

Authorities hoped the arrest of Montoya will reduce or bring down the number of drug cases and drug related crimes in Mexico.

1-2 of 2

Comments