Xian Gaza Reveals Details About Neri Naig and Chito Miranda’s Business Dealings
XIAN GAZA – The controversial social media personality made revelations about Neri Naig and Chito Miranda’s business practices.
In a Facebook video, Xian shared that, for the past few years, the couple—especially Neri—has been selling shares in their various businesses. He recalled speaking with one of their investors in their food and drink business. According to Xian, whenever they opened a new branch of a business, they would sell shares to an investor in exchange for money.
Xian further explained that they had been using this strategy to expand their businesses. However, despite their efforts, their ventures did not generate enough profit. This led to disappointment among their investors, who began asking for a refund.
As a result, the investors filed a case. Xian stated that it is illegal to sell shares or securities to different people without a secondary license from the Security and Exchange Commission (SEC). Since the businesses did not earn enough income, and investors did not receive any dividends, Xian suggested this situation could be classified as fraud or estafa. He also mentioned that such schemes are common in Manila, particularly in bars and clubs.
Xian also clarified why only Neri was arrested and not Chito. He explained that Neri was the one who signed the documents. In the closing part of his video, Xian expressed his hope that the couple would overcome this issue, relating to them with the phrase, “Been there, done that.”
To recall, Neri Naig was arrested on November 23, 2024, at approximately 2:50 PM by the Southern Police District (SPD) at a convention center inside a mall in Pasay City. She had been invited to the mall as the keynote speaker for the 15th PHILSME Business Expo. It is unclear whether Neri had finished her speaking engagement before she was arrested.