Rizal Philippines | November 6, 2014
Is it Sun Champ? Is it Agri Fortuna? Is it Gregorio Laureano.
While businessman Antonio Tiu is complaining how the Senate Blue Ribbon sub committee has dragged his name, that of his family, and that of his business (watch how ANI shares have plummeted) into this fracas, he could not comply with his promise to show that his company indeed owns the 150 hectare property.
He was not able to show today the: Tax Dec, the due diligence conducted, feasibility study, the Board Resolutions authorizing Tiu to buy the property. Indeed, a finance bred executive, CEO would not invest without a due diligence and he could not show any. All that he was able to show was a one page paper a MoA that shows Tiu advancing PHp11 million (out of the P446 million total) to Gregorio for the right to use the Gregorio property for the agri tourism project that was not even notarized.
ANI and SunChamp shares are taking a beating at PSE
