Agrifortuna, not Tiu pays Binay’s bills

By , on November 7, 2014


Vice President Jejomar Binay (Facebook photo)
Vice President Jejomar Binay (Facebook photo)

MANILA – Senator Alan Peter Cayetano on Thursday said that Agrifortuna, a company founded by the Binays, and not Antonio Tiu, nor his Sunchamp Real Estate Development Corp., is paying for the bills of the Batangas property allegedly owned by Vice President Jejomar Binay.

Cayetano said he unearthed the records and found that last October, Binay’s company paid for rthe electric bills of the alleged Binay property.

Agrifortuna was founded by Binay and his wife, who were also the company’s former incorporators.

The Vice President’s camp however dismissed the allegations adding that Binay’s shares in the company were already sold to Gregorio in 1995.

“Mr. Tiu came here to say it’s his, but he did not show us anything except a one-page [memorandum of agreement] and alleged proof that he is capable of buying it. All the documents we have asked for, he refuses to submit, but we have submitted numerous documents,” Cayetano said during a blue ribbon committee hearing last Thursday.

The senator also revealed that the payments to the Batangas Electric Corp for the property’s electric consumption were made through electronic checks through the Metrobank branch on J.P. Rizal Street in Makati City, near Makati City Hall.