Manila Bulletin

Napoles’ chil­dren charged with tax eva­sion

- By JUN RAMIREZ Business · Tax Credit · Crime · Taxes · White-collar Crime · Income Tax · Fraud · U.S. Internal Revenue Service · Manila · Metro Manila · Quezon City

The Bureau of In­ter­nal Rev­enue (BIR) filed yesterday tax eva­sion charges against two chil­dren of sus­pected pork bar­rel scam mas­ter­mind Janet Lim Napoles for al­leged non-dec­la­ra­tion of real es­tate ac­qui­si­tions.

In a crim­i­nal suit sub­mit­ted to the Depart­ment of Jus­tice, BIR Com­mis­sioner Kim S. Jac­into-Henares iden­ti­fied the ac­cused as James Christo­pher Napoles and Jo Chris­tine Napoles, pres­i­dent and trea­surer, re­spec­tively of JCLN Global Prop­er­ties De­vel­op­ment Cor­po­ra­tion.

The BIR chief said the case stemmed from the tax fraud in­ves­ti­ga­tion con­ducted fol­low­ing a media ex­pose’ about the al­leged di­ver­sion of Pri­or­ity De­vel­op­ment As­sis­tance Fund (PDAF) of some law­mak­ers to the ghost foun­da­tions of Napoles.

Napoles and her hus­band were charged last year with a 61-mil­lion tax eva­sion case for al­leged non-fil­ing of in­come tax re­turns.

Henares said doc­u­ments gath­ered dur­ing the in­ves­ti­ga­tion like the deeds of ab­so­lute sale and Trans­fer Cer­tifi­cates of Ti­tle (TCT) showed that the Napole­sowned JCLN ac­quired prop­er­ties in Metro Manila, Bu­la­can and Cota­bato worth more than 142 mil­lion from 2008 to 2011.

The ac­qui­si­tions in­cluded high-end units at the Dis­cov­ery Cen­ter, Beau­fort and East­wood Lafayette One Libis in Que­zon City.

Henares said the JCLN did not re­port these pur­chases in its com­par­a­tive au­dited fi­nan­cial state­ments, thus con­ceal­ing sources of funds used in pur­chas­ing the said prop­er­ties.

“As a con­se­quence, JNLC, was like­wise sued for an ag­gre­gate in­come tax li­a­bil­ity of 101.7 mil­lion, in­clud­ing in­ter­ests and sur­charges,” Henares said.

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