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Business

'In the interest of truth and fairness'

- MAILBOX -

Sir: I am the person referred to in the SpyBits article titled “Iggy Arroyo’s first wife indicted”, which appeared in the May 1, 2012 issue of The Philippine STAR.

Please be informed that I have not received to date any indictment for falsification from the Quezon City prosecutor. In any case, the records will show that I have not committed any falsification, and any action to indict me would be a reversible error.

Ramon Jacinto’s complaint is nothing but a part of his design to stop me from opposing his moves to appropriate for himself all the properties of the Jacinto estate to the prejudice of his siblings. Among the estate assets which Ramon now claims to be assets of corporations he controls are prime properties in several locations. 

In 2009, when Ramon became the administrator of the Jacinto estate, he gave away two Baguio lots in spite of a decision of the Regional Trial Court of Baguio to return them to the Jacinto estate. He did so by entering into a compromise agreement with EPCIB/BDO and Forward Properties Inc. (FPI), where he, as administrator, waived the estate’s Baguio lots (then valued at about P200 million) in favor of EPCIB/BDO in consideration only of the latter’s waiver of all debts of FPI, a corporation he controls. This is obviously detrimental to the estate but beneficial only to FPI which is under his personal control. The compromise agreement was without the prior knowledge and consent of his siblings and the approval of the Regional Trial Court of Muntinlupa, where the settlement of the Jacinto estate is pending.

I feel Ramon’s design to stop me from fighting for my (and my other sibling’s) rights is obsessive and uncalled for. In 2009, Ramon forced me out of my condo unit at the Urdaneta Apartments, which resulted in the loss of certain estate documents and the filing of a theft case against him.

Due to the theft case, Ramon mauled me outside the Seryna Japanese Restaurant in 2010, which mauling led to the filing of an attempted homicide case against him.

Ramon is a respondent in several criminal complaints. But because he is powerful and influential, he manages to persuade certain prosecutors to rule in his favor. Except one, that is. As reported in another newspaper, the DOJ resolved to indict Ramon for nine counts of violations of BP 22, and the Supreme Court upheld the DOJ resolution in the case of Land Bank vs. Ramon Jacinto (G.R. No. 154622, Aug. 3, 2010). This case involves bouncing checks worth more than P400 million that the Land Bank could otherwise utilize for financing land acquisition under the Agrarian Reform Program.

Thus, not all can agree that Ramon is the honest and wholesome guy portrayed in the subject article.

In the interest of truth and fairness, I request that this letter be published in its entirety.

Very truly yours,

Marilene P. Jacinto

Tandang Sora, Quezon City

vuukle comment

AGRARIAN REFORM PROGRAM

ESTATE

FORWARD PROPERTIES INC

IGGY ARROYO

JACINTO

LAND BANK

MARILENE P

QUEZON CITY

RAMON

RAMON JACINTO

REGIONAL TRIAL COURT OF BAGUIO

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