click here to skip ads

Rough landing: NBI arrests Antonio Garcia, 3 others for estafa; warrant includes Moonie Lim

By Nancy Carvajal

The arrest order was issued by Quezon City Regional Trial Court Branch 224 Judge Zita Marie Magundayao Atienza- Fajardo issued on 22 June 2021, a copy of which was obtained by

Closed chapter: Antonio, Ramon resign from Chemphil board

The document did not reveal who filed the estafa charges against Garcia’s group.

Aside from Garcia, the other persons arrested by the NBI were Alexandra Garcia, Ernesto Barreiro and Grace Bagatsing.

Another accused, former BW Resources president Eduardo “Moonie” Lim Jr., was not among those arrested because he was not in the group of Garcia who were arrested upon their arrival on board a chartered plane from Balesin island at 3:30 in the afternoon.

The accused are now detained at the NBI jail, and no bail has been recommended by Atienza-Fajardo.

Garcia sold his family’s controlling stake in Chemphil for P1.04 billion in 2019 to the Unioil group, led by Janice Co Roxas-Chua, which plans to use the company’s stock for backdoor listing of its petroleum and property assets.

The sale ended the decades-long, bitter feud between Antonio and his brother, Ramon, for control of the company founded by their father in 1958.

Related News Tags

You may also like

Recommended from

Kazuo Okada faces multiple lawsuits: 29 cases in six countries

Japanese billionaire Kazuo Okada is facing a string of cases in Japan, Hong Kong and the Philippines involving serious charges including falsifying documents, swindling, and the most recent of which, kidnapping and illegal detention following the dramatic takeover of the integrated casino resort Okada Manila on May 31.