Kris Aquino sues busi­ness part­ner over em­bez­zle­ment

Gulf Times - - PHILIPPINES - By Iza Igle­sias

Just three weeks af­ter re­veal­ing that her trusted busi­ness part­ner em­bez­zled her in­vest­ments, multi-me­dia mogul Kris Aquino of­fi­cially filed qual­i­fied-theft com­plaints in seven cities against the in­di­vid­ual whom she opted not to iden­tify.

In her In­sta­gram post, Aquino said she per­son­ally filed the com­plaint be­fore the Que­zon City Of­fice of the Prose­cu­tor on Fri­day morn­ing.

Mean­while, her le­gal team from the For­tun Nar­vasa and Salazar Law Of­fice filed the same com­plaint on her be­half in San Juan, Man­daluy­ong, Pasig, Makati, Taguig and Manila.

“I con­tinue to have faith that the Philip­pines’ jus­tice sys­tem will up­hold the law with im­par­tial­ity and fair­ness. My le­gal teams had met with his (busi­ness part­ner’s) rep­re­sen­ta­tives in an at­tempt to set­tle am­i­ca­bly, but in straight­for­ward lan­guage — ‘they don’t care’. My fam­ily had ad­vo­cated for peace but the other party failed to even meet us half­way and in­stead chose to spread ma­li­cious lies and false­hoods… I wanted to qui­etly put this painful chap­ter be­hind me.

“You know me — I was not the one who started this fight, but I was not raised to back off from the quest for truth. You started it, I will fin­ish it,” Aquino’s post read.

On Septem­ber 25, the 47-year-old ac­tress shared that she was un­able to eat or sleep prop­erly and had lost 15 pounds in a month.

She sought med­i­cal at­ten­tion in Sin­ga­pore and was di­ag­nosed to be suf­fer­ing from an au­toim­mune disease — chronic spon­ta­neous ur­ticaria — which is ag­gra­vated by stress, ac­cord­ing to her doc­tors.

In the post, Aquino said the phys­i­cal toll was a re­sult of a busi­ness-re­lated or­deal and “dev­as­tat­ing pain of lost trust.”

She then dis­closed that she was seek­ing jus­tice for “fi­nan­cial abuse and be­trayal” that was com­mit­ted by some­one close to her, and who had al­ready earned mil­lions from run­ning her me­dia com­pany Kris Co­juangco Aquino Pro­duc­tions (KCAP), which is cur­rently be­hind her dig­i­tal em­pire.

Con­sult­ing her lawyers Sig For­tun and Florin Hil­bay on what le­gal ac­tion to take, Aquino said she was par­tic­u­larly af­fected by the mat­ter be­cause the trust funds of her two sons Josh and Bimbi were in­volved.

“My pain comes from my fear that tens of tax paid mil­lions from my sons’ trust funds, money I con­sci­en­tiously saved for them be­cause I made a deathbed prom­ise to my mom (late for­mer pres­i­dent Co­ra­zon Aquino) that Big Brother Josh and Bimbi will al­ways come first, but I fear that all that I had worked hard for will be lost. It is wrong that the two boys I love most, my life’s mean­ing and in­spi­ra­tion may suf­fer con­se­quences be­cause I was tar­geted and de­ceived by a per­son with no con­science,” she wrote.

“The set­tle­ment or le­gal bat­tle will now be in the hands of lawyers I re­spect, au­dit­ing and ac­count­ing firms I trust, the word of hon­our of his deeply shamed mother and sis­ter that all my in­vest­ments shall be re­turned, and our col­lec­tive prayers that jus­tice for my sons will pre­vail,” Aquino said.

As re­ported by Manila Times En­ter­tain­ment yes­ter­day, it was vet­eran show busi­ness per­son­al­ity Lolit So­lis who re­vealed in ra­dio an­chor Arnold Clavio’s “Sino?” seg­ment on dzBB that it is her man­ager Nicko Fal­cis, whom Kris re­garded as a busi­ness part­ner, who em­bez­zled her in­vest­ments.

Ear­lier re­ports said the ac­tress-host en­gaged the ser­vices of Fal­cis as man­ag­ing di­rec­tor of her dig­i­tal me­dia com­pany, Kris Co­juangco Aquino Pro­duc­tions.

Fal­cis was also re­port­edly re­spon­si­ble for Aquino’s “Crazy Rich Asians” gig.

The web­site Push, ABSCBN’s dig­i­tal en­ter­tain­ment arm, quoted sources as far back as De­cem­ber 31, 2017 that Fal­cis was the rea­son why Aquino left good friend Boy Abunda as tal­ent man­ager.

The ar­ti­cle posted on that date said, “Nicko Fal­cis is Kris’ new man­ager. He was re­spon­si­ble for mak­ing her earn­ings from dig­i­tal me­dia nearly ex­ceed those from tra­di­tional TV by Fe­bru­ary 2018.”

Kris Aquino: vic­tim of busi­ness part­ner?

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