Wednesday, October 9, 2013

Fil-Am group moves to block sale of Napoles' US properties


MANILA, Philippines -- The Washington-based Migrant Heritage Commission said it will move to block the sale of assets owned by Jeane Napoles, the daughter of Janet Lim-Napoles, in the United States.

In an e-mail to PNA Wednesday, lawyer Arnedo Valera, MHC co-director, said Filipino-American leaders would vehemently block the sale of the luxury condominium unit at the high-rise Ritz Carlton in Los Angeles, which reportedly owned by the younger Napoles, who is studying in America.



Valera said there are suspicions the condominium was acquired with ill-gotten money, as he noted that Jeane is a full-time student with no known source of income of her own.

Valera said it was Balitang America that first reported the sale of the Los Angeles condominium.

American realty websites list the 1,500 square-foot condo, which has two bedrooms and two bathrooms, with a selling price of US$ 1.475 million.

It was purchased for US$ 1.28 million in 2011.

Valera said FilAms should work together to unmask all US properties of Napoles that may have been bought with Filipino taxpayers’ money.

He also called for the "total abolition" of the pork barrel because "it is the breeding ground for corruption and plunder."

Valera said the Napoles family is believed to own at least three other real estate properties in Southern California.

These include the Anaheim Express Inn valued at about $7 million, a $1.4-million home in the affluent Canyon View gated community in Irvine, and a commercial property in the City of Covina.

source: interaksyon.com