Potential buyers of Janet Lim Napoles’ properties warned by Securities and Exchange Commission

Very simple: If she owns it, don’t buy it.

ABS-CBN News correspondent Jay Ruiz reports that on Tuesday, October 7, the Securities and Exchange Commission (SEC) "warned potential buyers of properties and business companies of Janet Lim Napoles." The report quoted SEC Secretary Gerard Lukban, who pointed out that  "any deal involving the properties of the detained businesswoman at the center of the P10-billion pork barrel scandal is a gamble."

 

Despite the fact that Napoles’ assets have not been freezed yet, Lukban said the government would still be able to go after those who buy the said properties. The report noted: "The SEC will review the papers of 5 companies allegedly owned or controlled by Napoles: JCLN Global Properties and Development Corp., JLN Corp., JLCN Real Estate Development Consortium Inc., La Roca Enterprises, and RLG Solutions."

 

Then again, the report recalled that Napoles’s lawyer Atty. Lorna Kapunan had said that her client is not violating any law if it’s indeed true that she is selling her assets.

 

For more on this story, log on to ABS-CBNNews.com.

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