Luis Manzano involved in a scam?
LUIS MANZANO – The TV host-actor Luis Manzano requested assistance from the National Bureau of Investigation (NBI) in investigating the Flex Fuel Petroleum Corporation.
The TV host-actor sent a letter to NBI director Atty. Medardo de Lemos through his legal counsel Atty. Regidor Caringal as early as November 8, 2022.
According to Luis, he has resigned as chairman of the board of the ICM group of corporations led by Ildefonso “Bong” Medel. The latter is one of the close friends of Manzano. He also serves as the chief executive officer (CEO) of the ICM group which operates Flex Fuel.
Luis stated that many Flex Fuel investors have approached him in order to recover their investments in the company. But Medel is also said to owe P66 million to the TV host-actor.
That is why Luis requested that the NBI “conduct an investigation on this matter” because Medel failed to fix the company’s problems and address the concerns of his investors. The TV host-actor also explained in his affidavit on December 21, 2022 that he became the chairman of the board as “one of the guaranties for my investment”.
He insisted: “I never took part in the management of the business” and he resigned from his position and distanced himself from the ICM Group of Companies and Flex Fuel. “Bong conducted the business in such a way that operational matters were kept away from me,” he added. Luis Manzano claimed that Medel did not share the company’s “important matters” with him.
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