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 Post subject: President Jejomar Binay
PostPosted: Wed Feb 18, 2015 4:53 pm 
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Vice President Binay got P651-M kickbacks—Ernesto Mercado
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INQUIRER.net
12:51 PM | Wednesday, February 18th, 2015

MANILA, Philippines — Vice President Jejomar Binay’s kickbacks from a land deal in Makati City could reach up to P651 million, former Vice Mayor Ernesto Mercado claimed Wednesday at the Senate hearing on alleged anomalies in Makati City.

Returning to the ongoing investigation of the Senate blue ribbon subcommittee, Mercado modified his earlier claim that Binay got P200 from a joint-venture agreement between Alphaland Corporation and the Boy Scouts of the Philippines (BSP).

In his latest testimony, Mercado said the Vice President could have gotten P651 million from the deal which entailed the development of a prime property in Makati City.

Mercado has alleged that Binay’s kickbacks were coursed through Noble Care Management Corp., a company owned by Alphaland President Mario Oreta. Oreta, who was at the hearing, denied the former vice mayor’s claims.

According to Mercado, Alphaland sold almost nine-million of its shares to Noble Care at P10 per share when its value at the stock market at that time was P62 per share.

“So, ang halos 9 million shares na binigay sa Noble Care ay hindi lang nagkakahalaga ng P89 million kung hindi higit pa sa P551 million,” he told the subcommittee.

“Ang kickback ni VP Binay mula sa Alphaland share ay maglalaro sa P133 million sa presyong P15 per share hanggang P551 million sa presyong P62 per share,” said the former vice mayor.

On top of that, Mercado has alleged that Binay got P100 million from a “loan” that Alphaland gave Noble Care but later condoned.

“Kung idagdag po natin ang kino-condone na P100.4 million loan, ang kickback po ay aabot mula P200 million hanggang P651 million at yan po ay naka submit sa SEC base sa disclosure na sinasubmit ng Alphaland,” Mercado added.

But Aphaland owner Roberto Ongpin, who was also present at the hearing, strongly denied Mercado’s allegations, saying Mercado’s figures were all meaningless and mere assertions.

“For the life of me, I simply could not understand why all of these figures are being flashed on the screen and quite frankly, they mean nothing. They are just numbers and they are just assertions,” Ongpin told the committee.

“Finally, we repeat in the strongest possible terms that there’s nothing irregular or underhanded in the Alphaland-Boy Scouts deal. Everything was and is above board as the Boy Scouts executives or management have themselves said here today,” he added.

Read more: http://newsinfo.inquirer.net/673665/vic ... z3S5JwQhSa
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PostPosted: Wed Feb 18, 2015 4:56 pm 
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Roberto Ongpin: Nothing irregular with Alphaland-BSP deal
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INQUIRER.net
11:09 AM | Wednesday, February 18th, 2015


MANILA, Philippines — Businessman Roberto Ongpin told a Senate hearing on Wednesday that there was nothing “irregular” or “underhanded” in the land deal between the Alphaland Corp., which he owned, and the Boy Scouts of the Philippines (BSP).

Responding to allegations earlier made by former-Makati City Vice Mayor Ernesto Mercado, Ongpin denied that the deal put the BSP at a disadvantage.

In a statement that he read during the Senate blue ribbon subcommittee hearing on alleged anomalies in Makati City, the businessman said the P600-million investment of the BSP in the form of land was now valued at over P3 billion.

“The Boy Scouts will be making (a lot of money) from the time they contributed the property in 2007, 2008,” Ongpin said.

He added, “Today, their P600 million value that they contributed in the form of land is now worth P3 billion or more than P3 billion, more than five times the value of their contribution.”

“Mr. Mercado should be congratulated for having very skillfully negotiated a very good deal for the Boy Scouts,” Ongpin said, referring to Mercado, who signed the joint venture agreement with Alphaland as then BSP senior vice president for the development of a one-hectare property in Makati City.

Mercado has alleged that the deal was anomalous and that Vice President Jejomar Binay, longtime president of BSP, got millions of pesos in kickbacks from the transaction.

“For the life of me, I simply could not understand why all of these figures are being flashed on the screen and quite frankly, they mean nothing. They are just numbers and they are just assertions,” Ongpin said.

“Finally, we repeat in the strongest possible terms that there’s nothing irregular or underhanded in the Alphaland-Boy Scouts deal. Everything was and is above board as the Boy Scouts executives or management have themselves said here today,” the businessman added.

Ongpin then told the subcommittee that Alphaland filed a P100-million damage suit against Mercado before the Makati Prosecutor’s Office last Wednesday.

“I and Atty. (Mario) Oreta personally signed and swore to a criminal complaint for libel against Mr. Mercado which has been filed with the Makati City Prosecutors Office and I’d like to inform the honorable chairman that we will pursue this case, aggressively pursue this case,” he said.

“It is simply not right for an individual who has an ax to grind to put up slides and makes certain assertions, which are totally meaningless and totally false, simply is not right,” he further said.

Mercado was Binay’s former ally.

Read more: http://newsinfo.inquirer.net/673647/alp ... z3S5KyqKlb
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PostPosted: Wed Feb 18, 2015 5:12 pm 
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Lalong sisikat si Binay. Araw araw napaguusapan at nakikita sa TV. Siya na nga ang susunod na Presidente. Mabuhay ka Presidente Binay. :lol: :lol: :lol:

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PostPosted: Wed Feb 18, 2015 5:13 pm 
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What if Binay will indeed win?

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PostPosted: Wed Feb 18, 2015 5:20 pm 
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JABEZJ wrote:
What if Binay will indeed win?

balik sa dating gawi ang Pinas. magpipyesta ang mga kurakot sa Pinas kagaya nung kapanahunan ni GMA. dapat may napili na siyang tuta sa AFP at PNP para makontrol niya ito. malamang kasi puro kudeta na naman ang mangyayari.
:lol: :lol: :lol:

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PostPosted: Wed Feb 18, 2015 5:47 pm 
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rudge wrote:
JABEZJ wrote:
What if Binay will indeed win?

balik sa dating gawi ang Pinas. magpipyesta ang mga kurakot sa Pinas kagaya nung kapanahunan ni GMA. dapat may napili na siyang tuta sa AFP at PNP para makontrol niya ito. malamang kasi puro kudeta na naman ang mangyayari.
:lol: :lol: :lol:







ahahay..mabuti na lang marami akong kakampi dito sa pacland.. touch ako sobra ahihihi - kitty akino

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PostPosted: Wed Feb 18, 2015 7:43 pm 
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Sure win na! :lol:

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PostPosted: Thu Feb 19, 2015 12:38 pm 
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Boy Scouts ‘so shortchanged’ in Alphaland deal – senators

Ayee Macaraig
Published 7:28 PM, Feb 18, 2015
Updated 10:43 PM, Feb 18, 2015

MANILA, Philippines – “Luging, luging, luging, lugi ang Boy Scout!” (The Boy Scouts were so shortchanged!)

More senators turned up at the Senate hearing on the deal between the Boy Scouts of the Philippines (BSP) and property developer Alphaland, lamenting how the organization’s 2.2 million members were supposedly shortchanged in almost every aspect of the agreement. (READ: Did Binay use Boy Scout funds for 2010 bid?)

Besides the usual trio heading the investigation into alleged anomalies of Vice President Jejomar Binay, senators Juan Edgardo Angara, Sergio Osmeña III, and Ferdinand Marcos Jr joined the inquiry on Wednesday, February 18. Senators Aquilino Pimentel III, Alan Peter Cayetano, and Antonio Trillanes IV led the probe.

In a rare occasion, Angara was visibly peeved as he asked BSP senior vice president Wendel Avisado why the Boy Scouts merely relied on Alphaland for the valuation of the one-hectare prime property that it owned in Malugay Street corner Ayala Avenue Extension in Makati. The land was valued at P1 billion when the deal was signed in 2008.

“So you do not have your own valuation? You just accepted what Alphaland told you? You owe that to the boy scouts. You might be forgetting your relationship with them but you need to make sure you get the best deal,” Angara said.

When Avisado said the BSP used the independent appraisers of Alphaland, Angara responded: “Yes, but we know appraisers tend to favor whoever is paying them.”

Osmeña also asked Avisado why the BSP did not reappraise the value of the land when it amended its agreement with Alphaland, and sold the land to the company in June 2011. Avisado admitted to Osmeña that the BSP does not have a financial adviser, except for one officer with a background in financial deals.

Cayetano said the BSP should have insisted on a higher share than the 15% it got because the land’s value went up after the Makati City government reclassified its floor area ratio from 8 to 12. Under the deal, Alphaland takes the other 85% as it developed the Alphaland Makati Place, a residential and leisure complex.

“In the first deal, you owned the land. Alphaland amended the agreement because under the regulations of our country, you cannot sell condo units if you do not own the land. When you changed the agreement and gave them the land, you could have demanded more, maybe 30% and they will give it because they can’t make the money they are making now if you do not give them everything,” Cayetano said.

The senator then borrowed the line of Binay’s ally-turned-whistleblower former Makati Vice Mayor Ernesto Mercado. “You gave them everything. Prinito sa sariling mantika ang BSP (You fried the BSP in its own fat),” Cayetano said.


Mercado said it was Binay as BSP president who authorized the Boy Scouts' board to sell the land to Alphaland. Alphaland’s president, Mario Oreta, is a friend of Binay, and a top campaign contributor to the 2013 election bid of the Vice President’s daughter, Senator Nancy Binay.

Avisado is also Binay’s colleague at the Housing and Urban Development Coordinating Council (HUDCC), where he is listed as deputy secretary general for administrative, finance and knowledge management.

In its 15th hearing on Binay, the Senate investigated Mercado’s allegation that 5% of the proceeds from the BSP-Alphaland deal was hidden in Oreta’s Noble Care Management Corporation and later used to fund Binay’s 2010 vice presidential campaign. (READ: Binay ally 'making excuses,' won't open bank accounts)

The Vice President refuses to attend the hearings and insists that he will only respond to allegations in court. He brands the investigation as a tool of his political rivals to destroy his 2016 presidential ambitions. (READ: Boy Scouts: No truth to kickback claims vs Binay, and Binay: 'Gambling' Mercado likely took BSP's P200M)

'FRIED IN FAT.' Former Makati Vice Mayor Ernesto Mercado says the BSP-Alphaland deal was a loss for the Boy Scouts. Photo by Mark Cristino/Rappler

No cash for BSP, no bidding

Senators also asked Oreta and Avisado why 7 years after the original deal, the BSP still has not specified which particular condo units in Alphaland Makati Place it would get its 15% share from.

Osmeña said this was normally done in the project’s contract.

“For goodness' sake, this is something you can finish in one or two weeks,” he told Oreta.

Avisado maintained that the BSP based its 15% share on the gross floor area, and it already occupies the 3rd floor of the development's Podium building.

“It is up to the [BSP] board to come up with the master development plan on how to utilize the entire 3rd floor but we are already making money,” said the BSP vice president.

Trillanes grilled Avisado on the P600,000 in monthly rent Alphaland officials said they paid to the BSP. The senator got Avisado to admit that the payment retroactively covered January to December 2014, as the check was only made in January 2015.

Cayetano agreed with Trillanes that the payment seemed like an afterthought as the Senate then already planned to investigate the deal.

“So the check was only paid on January 23, 2015, one day after our hearing? If we did not hold a hearing, you would not ask Alphaland to pay,” Cayetano said.

Cayetano added that even if the contract between BSP and Alphaland underwent several changes through the years, no public bidding was done.

The Supreme Court ruled in 2011 that the BSP is not a private entity but “a public corporation or government instrumentality.”

No term limits for Binay?

Angara also raised a question that emerged in the wake of the deal’s exposure: how is Binay able to remain as BSP national president for nearly two decades? Binay led the BSP from 1998 to 2000, and again in 2001 up to now.

The senator said that for other government-owned and controlled corporations (GOCCs), the President can change the head of the agency.

Avisado replied that the BSP is “sui generis” or a class of its own.

“The BSP is a voluntary organization so you don’t have to be appointed. You have to be elected,” he said. “Every year, we elect BSP officers. Every member can run for election. But VP Binay is still our president because we trust him to lead us.”

Cayetano said all the weaknesses of the BSP-Alphaland deal only led to one conclusion: “Either Vice President Binay knew this and he is corrupt, or he does not know and he is incompetent.” – Rappler.com

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PostPosted: Thu Feb 19, 2015 4:48 pm 
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Ang laking blunder ni Binay dito. Dapat naaksidente na si Mercado nuon pa. Wala na sana siyang problema ngayon. Sayang.
:lol: :lol: :lol:

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PostPosted: Thu Feb 19, 2015 4:59 pm 
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While all these useless sobs investigate theses anomalies , the Binays are busy making papogi points at the expense of the family of the fallen saf44.

Awesome!!!

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Ikaw idol. Ilan ang handol na pinag usap mo?
Pag sumagot ka ng matino good na tayo..


Blitzky22 wrote:
well, i lost track na, tagal na eh.


ang pag amin.
http://forum.philboxing.com/viewtopic.php?f=8&t=272317&start=45


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PostPosted: Thu Feb 19, 2015 5:06 pm 
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and this will be our next president....














wow! great!


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PostPosted: Thu Feb 19, 2015 8:36 pm 
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Boy Sikwat of the phils. Strikes again! :lol: :lol: :lol:

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PostPosted: Thu Feb 19, 2015 11:15 pm 
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Binay on corruption claims: Lalo akong lalaban
ABS-CBNnews.com
Posted at 02/19/2015 7:52 PM


MANILA - Vice President Jejomar Binay on Thursday said the public is no longer swayed by the alleged "lies" being peddled by his accusers.

"Hindi na naniniwala ang mga tao doon. Yung mga kasinungalingan nila ay ganoon at ganoon pa rin," Binay told reporters.

He reiterated that the allegations of corruption being hurled against him before the Senate blue ribbon subcommittee -- the latest of which was that he received kickbacks from a deal between the Boy Scouts of the Philippines (BSP) and Alphaland Corporation -- are all politically motivated.

"Pinakita naman ng Alphaland at Boy Scouts na aboveboard yun. Hindi pwedeng mangyari sa Alphaland iyon, ang kasosyo nila foreign company, hindi naman pwedeng mangyari yung lagayan na iyon," he said.

"Pero iyon ang kanilang taktika. After all, alam naman nila na nagsisinungaling sila at alam naman nila na husgado lamang ang makakapagsabi kung may kasalanan ka o wala. Pero tinutuloy pa rin nila, you know why? Kasi they are aiming at the perception. Pero ang perception maikli lang ang buhay niyan."

"Every time they charge you, the public will immediately believe it. Later on, when they finally come to know the truth, sasabihin nila na mali pala. Pero yung sa umpisa masasaktan ka at masisira ka. Tignan mo ngayon, wala ng naniniwala sa kanila," he added.

Binay also denied that he did not declare all his real estate properties in his statements of assets, liabilities and net worth (SALNs). "Kasama sa SALN iyon. May tax declaration iyon," he said.

When asked for his reaction to comments that he is only going around the country trying to earn the sympathy of the people, the Vice President said, "Unang-una, masama ba iyon?"

"Doon naman sa sympathy, hindi. Iyon naman ay alam na ng mga tao iyon. Nakakalungkot. Biruin mo, labinlimang meeting na iyon [ng Senate Blue Ribbon sub-committee] samantalang sa serious na matter ng Bangsamoro, dalawa pa lang [na meeting] ay ayaw na."

Meanwhile, Binay said he is determined to run for president in the 2016 elections despite the controversies he is embroiled in.

"Oo naman. Kahit na ako ay kanilang sinisiraan, lalo akong lalaban kasi alam kong kasinungalingan lang ang sinasabi nila at gusto ko rin namang i-share ang aking experience and competence as an executive. Sana iyong mga nagawa ko sa Makati ay magawa ko din sa buong Pilipinas," he said.

.............................................................

go pres. binay tuloy ang laban natin.......... di tayo patatalo sa mga sinungaling na iyon. :lol: :lol: :lol:

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PostPosted: Thu Feb 19, 2015 11:36 pm 
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"Tignan mo ngayon, wala ng naniniwala sa kanila.."

Tama po kayo Pres. Binay...
DI po kami naniniwala na hindi kayo kurap... :lol:

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PostPosted: Wed Nov 13, 2019 9:49 am 
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lubog na political star ni VP Jojo :(

kaya pala pinagbawal na ni Mayor Abby Campos ang mga telco magbungkal sa kalsada ng Makati except sa partner ng Makati na magpo-provide daw ng free wifi nila :lol:


....or, puwede naman pero... :biglaugh:

Why and how did Jojo Binay fall from grace?
WHAT MATTERS MOST - Atty. Josephus B. Jimenez (The Freeman)
June 8, 2019 - 12:00am

The Freeman/PhilStar wrote:
Nothing is permanent in politics. Now that the polls are over, it’s good to learn its lessons.

The last polls demonstrated that indeed, everything and anything can happen in politics. Jojo Binay who was called “Rambotito,” for supposedly carrying guns, ala Rambo, each time President Cory was besieged by a coup, has finally fallen. Records show there were no less than seven coups in that era against Cory. The diminutive king of Makati, Jejomar, the first of the Binays, the defender of Cory, fell in the last election.

The name Jejomar is a derivative of the popular Catholic expression “Jesus Maria y Josep.” The life of Jejomar “Jojo” Binay was indeed full of grace. From a struggling human rights lawyer living in the marginalized sector of Makati, Jojo rose to become city mayor, congressman, senator, then vice president. He almost became president, if not for the many charges of unexplained wealth and other accusations, which haven’t been proven beyond reasonable doubt. He wasn’t convicted by final judgment so he should enjoy the presumption of innocence.

For lack of other opportunities as a new lawyer, Jojo befriended some anti-Marcos lawyers like Rene Saguisag, who also became a senator; Bobbit Sanchez, the most radical person ever appointed DOLE Secretary; and even Teddy Boy Locsin, who belonged to the elite and well-schooled. During the fight against the Marcos dictatorship in the martial law years, Jojo followed Lorenzo “Tanny” Tañada, Jose W. Diokno, and Chino Roces. He organized the urban poor to join demonstrations and rallies against martial law.

Jojo was active during the EDSA Revolt and Cory came to know him. When Cory came to power, she scouted for an OIC to replace Marcos-tainted Nemesio Yabut. Cory’s socialites debated between Aurora Pijuan (who lost Tommy Manotoc to Imee Marcos) and Conchitina Sevilla Bernardo (the number one socialite in Makati). They couldn’t reach a consensus. Then DILG Secretary Nene Pimentel was in a hurry to replace Yabut, and so Cory chose Jojo with Conchitina as his vice mayor. It was Makati’s beauty and best human rights lawyer.

Jojo built his political empire from there. It was always himself as mayor, his wife, son, or daughter as congressman, and so on. He became senator and vice president, beating such political titans as Loren Legarda who ran with Manny Villar, and Mar Roxas who was Noynoy's running mate. But the Binays exceeded the bounds and started to have “shame and scandal in the family.” Spoiled Mayor Junjun was dismissed for alleged plunder. Ate Abby became mayor, after her dad, mom, and younger sibling Junjun. But Junjun later wanted his turf back and Abby wouldn't hand it over. Nasty trouble embroiled the Binay Empire. Brother and sister ran for mayor. Dad sided with Abby and mom, Senator Nancy was with Junjun. Shame.

Jojo lost to Kid Pena, his underling. He earlier lost the presidency to President Digong. Jojo lost the leadership of PDP-Laban to the Pimentels. Junjun lost to Abby. Nancy went down from number five to number 12 and was almost dislodged by JV Ejercito or Bam Aquino. Rambotito's empire is crumbling at last.

And Jojo is back where he started, although still very rich, apparently. Well, that is life and politics.

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