Inquirer owes gov’t billions from Dunkin Donut and a leased property in Makati

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President Rodrigo Duterte disclosed to the public that the Prieto and Rufino families that own Inquirer owe the Philippines not only billions in taxes from their Dunkin’ Donut franchise, but also a possibly illegal leasing of a government-owned 2.9-hectare property in Makati.
Photo credits: pilipiknow

The property was formerly owned by the National Power Corporation (NAPOCOR) which leased it to the Technology Resource Center Foundation Inc. (TRCFI) for 25 years from Jan. 1, 1978 up to Dec. 31, 2002.

When EDSA People Power broke out in 1986, the property was taken from TRCFI and placed under the Philippine Development Alternatives Foundation (PDAF).

PDAF signed a sublease agreement with Sunvar over the property and the latter converted the area into the Premier Cinema, Mile Long Arcade, Makati Creekside Building, the Gallery Building and Sunvar Plaza.

By 2002, NAPOCOR informed PDAF and Sunvar that the lease agreement on the property will expire in the same year and will not be renewed, thus, Sunvar will have to immediately withdraw its lease on the property as NAPOCOR intended to sell the area in order to raise government funds.

However, Sunvar did not heed the notice from the Office of the Solicitor General to vacate the property and this prompted Solicitor General Agnes Devanadera to file a case against Sunvar in the Metropolitan Trial Court in Makati City in 2009.

Sunvar lost its lease on the property after a 2015 ruling of the court favoring the government to use it for public funds, however, Sunvar refused to vacate the property. By then, they owed the Philippines Php 478.2 million in back rentals and an additional Php 3.2 million monthly rental until they leave the property. They never did.

“Iyang Inquirer, I don’t know but meron akong natanggap na balita na may binili na lupa ‘yan sa gobyerno, ang binayaran lang sweetheart deal dahil nga they went for Cory during kalaban nila sa Marcos,” Duterte said as he disclosed the property deal of Inquirer owners over Sunvar.

“May lupa ‘yan na halos ibinigay lang sa Inquirer. It’s an alley in Makati. Marami ng mga mall, mall diyan na maliit pero… Kalkalin ko ‘yan,” he added.

Sunvar obtained an injunction from the Regional Trial Court Branch 58 in Makati which prevented the Metropolitan Court to issue its decision. In 2016, the Court of Appeals denied the government’s plea for a temporary restraining order on the injunction.

Duterte vowed to look into this property lease issue of Sunvar and, at the same time, look into the agreement between the Bureau of Internal Revenue and Golden Donuts Inc. to collect what’s left of the Php 1.8 billion taxes the Prieto-Rufino families owe after only settling Php 8 million.


Source: Politics.com.ph

Inquirer owes gov’t billions from Dunkin Donut and a leased property in Makati  Inquirer owes gov’t billions from Dunkin Donut and a leased property in Makati Reviewed by Newsinfo Learn on April 17, 2017 Rating: 5

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