Napoles’ children charged with tax evasion
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.