Skip to content
  • About Us
  • Contact Us
  • RSS
Facebook Twitter Instagram
  • Home
  • Business
  • Social
  • Video
  • Money
  • Power
  • Property
  • Travel
  • Technology
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
Menu
  • Home
  • Business
  • Social
  • Video
  • Money
  • Power
  • Property
  • Travel
  • Technology
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
BILYONARYO.COM
Search
Popular Tags Today:
ABS-CBN |
Leandro Leviste, Solar Philippines |
Eat Bulaga, Tito, Vic & Joey, Jalosjos |
LYKA, ARTA, Bren Chong |
  • Home
  • Business
  • Social
  • Video
  • Money
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS
Menu
  • Home
  • Business
  • Social
  • Video
  • Money
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS

Bilyonaryo - Business

World Balance scion Bren Chong denies producing fake receipts as court upholds legality of search warrant for his office

  • March 15, 2023
  • Bilyonaryo.com

By Nancy Carvajal

Entrepreneur Bernard “Bren” Chong, whose family owns the sports shoes and apparel firm World Balance, has denied manufacturing fake receipts for major corporations after fraudulent business documents were found in his company’s office in 2022.

Chong denied any wrongdoing in a series of messages to Bilyonaryo as a Quezon City court affirmed the legality of the search warrant used by the National Bureau of Investigation to raid the office of Brenterprise International Inc. at a condominium unit in Libis, Quezon City.

“Bernard Chong and Brenterprise Inc. did not own or rent the unit that was raided,’’ the businessman told Bilyonaryo.

Chong claimed Brenterprise’s office is located in Malate, Manila, while his residential address is in Caloocan City. He insisted that his firm “was never engaged in the receipt business” despite the NBI’s discovery of fake receipts at his company’s office in Libis.

In its raid of Brenterprise’s condominium unit last December, NBI agents also found booklets of fabricated business documents that were allegedly used by companies to lower the amount of taxes paid to the government.

Over a thousand companies in the country reportedly tapped Brenterprise’s services to produce official receipts.

A Babbler told Bilyonaryo that Brenterprise’s motion to quash the search warrant had been denied by a Quezon City court.

“We raided the correct address and found more than enough evidence, both digital and in print,’’ said the Babbler.

Based on the NBI’s investigation, Brenterprise was discovered to have been producing fake receipts for 15 years.

Chong is also subject of a warrant of arrest issued by the Manila Regional Trial Court over his alleged involvement in the botched smuggling of P1.87 billion worth of shabu at the Manila International Container Port in 2019.

RELATED STORIES:

UPDATED | NBI hunts down Bren Chong, son of World Balance owner: Court orders arrest of Lyka app owner for alleged drug smuggling

Parang Napoles! Firm owned by Lyka app founder, Esports owner and World Balance heir Bren Chong behind P45B tax receipts scam

World Balance scion Bren Chong claims drug smuggling charges false: I hope people who know me can tell the world what kind of person I am

NBI’s got receipts: Subpoenas to be served to firms over Lyka app owner Bren Chong’s P45-B tax scam

Over 1,000 big and small PH firms have reportedly availed of Bren Chong’s fake tax receipts scam

  • Related News Tags: Bren Chong, search warrant, World Balance
PrevPreviousFormer BSP deputy governor Cyd Amador joins PNB board as independent director
NextNot yet closing time: MVP has no plans of retiring in ‘foreseeable future’ amid P48 billion PLDT overspending scandalNext

You may also like

Watch more Usapang Bilyonaryo

Ty-blings’ GT Capital posts solid 2022 growth, profit soars to P18.4 billion

Despite elevated inflation and interest rates, Ty-led conglomerate GT Capital Holdings Inc. saw its 2022 profit jump 67 percent to P18.4 billion on the strong performances of its banking, automotive, real estate and insurance units.

Controversial ‘Ostiya’ food review by Ateneo high school student sparks outrage”

A high school student from Ateneo Senior High School has faced criticism from netizens after he secretly took ostiya or communion bread from the Eucharist and proceeded to “review” it.

Filipino business groups cool to House’s cha cha dance. Here’s why

The country’s biggest business groups pushed back against the proposal of the House of Representatives for charter change following the passage of laws that eased the entry of foreign investments.

Deposit box ain’t so safe: Jorge, Stella Araneta sue JPMorgan for selling $10-M worth of jewelry for peanuts

Bilyonaryo couple Jorge and Stella Araneta have sued JPMorgan Chase & Co. for allegedly selling jewelry and other valuables they stored in safe deposit boxes.

Eat Bulaga headed for ugly breakup: Jalosjos group asks creative staff to retire as part of rebranding, removal of Tito, Vic & Joey

The family of former congressman Romy Jalosjos is not only bent on changing the faces of the hit noontime show Eat Bulaga, it is also pushing to overhaul the creative team behind the camera.

Ty-blings’ GT Capital posts solid 2022 growth, profit soars to P18.4 billion

Controversial ‘Ostiya’ food review by Ateneo high school student sparks outrage”

Filipino business groups cool to House’s cha cha dance. Here’s why

Deposit box ain’t so safe: Jorge, Stella Araneta sue JPMorgan for selling $10-M worth of jewelry for peanuts

Eat Bulaga headed for ugly breakup: Jalosjos group asks creative staff to retire as part of rebranding, removal of Tito, Vic & Joey

Bitter break: SRA chief David Alba resigns amid sugar imports mess

15 Japanese firms to invest in the Philippines following successful Osaka Business Mission

On the mend: Lopez family’s ABS-CBN cuts losses by 54% on strong ad and consumer sales

LYKA loses again: ARTA rejects Bren Chong firm’s request for automatic registration

Read more Business stories

Recommended from sister websites

→ Abogado
Marcos Jr denies pouncing on Teves over old e-sabong scandal
→ Abogado
Guevarra: Former president Duterte may face ICC arrest warrant for drug war deaths
→ Politiko
Marcos to public servants: Let’s make the Philippines respected worldwide
→ Politiko
Tansingco: Fugitive Taiwanese ‘drug lord’ deported
→ Bankero
Second Tier’ PH Banks expected to underperform – Fitch unit
Power

Alcantara-led ACR reports 52% surge in profit amid strong power demand in Mindanao

Alsons Consolidated Resources (ACR) of the family of bilyonaryo Tomas Alcantara, achieved a steady growth with a 52 percent jump in last year’s profit to P617 million due to the robust demand for power in Mindanao.

Money

US charges Korean Crypto fugitive after reported arrest in Montenegro

Fugitive South Korean cryptocurrency entrepreneur Do Kwon, accused of orchestrating a multi-billion-dollar fraud that shook global crypto markets last year, has been arrested in Montenegro and faces fresh criminal charges in the United States.

Business

Controversial ‘Ostiya’ food review by Ateneo high school student sparks outrage”

A high school student from Ateneo Senior High School has faced criticism from netizens after he secretly took ostiya or communion bread from the Eucharist and proceeded to “review” it.

Property

Sy-blings property arm to raise P35 billion from bond sale

SM Prime Holdings Inc. of the Sy family plans to raise up to P35 billion from the offering of fixed-rate bonds.

Latest on Bilyonaryo

Ty-blings’ GT Capital posts solid 2022 growth, profit soars to P18.4 billion

Despite elevated inflation and interest rates, Ty-led conglomerate GT Capital Holdings Inc. saw its 2022 profit jump 67 percent to P18.4 billion on the strong performances of its banking, automotive, real estate and insurance units.

Read More »

Controversial ‘Ostiya’ food review by Ateneo high school student sparks outrage”

A high school student from Ateneo Senior High School has faced criticism from netizens after he secretly took ostiya or communion bread from the Eucharist and proceeded to “review” it.

Read More »

Filipino business groups cool to House’s cha cha dance. Here’s why

The country’s biggest business groups pushed back against the proposal of the House of Representatives for charter change following the passage of laws that eased the entry of foreign investments.

Read More »

Deposit box ain’t so safe: Jorge, Stella Araneta sue JPMorgan for selling $10-M worth of jewelry for peanuts

Bilyonaryo couple Jorge and Stella Araneta have sued JPMorgan Chase & Co. for allegedly selling jewelry and other valuables they stored in safe deposit boxes.

Read More »

Eat Bulaga headed for ugly breakup: Jalosjos group asks creative staff to retire as part of rebranding, removal of Tito, Vic & Joey

The family of former congressman Romy Jalosjos is not only bent on changing the faces of the hit noontime show Eat Bulaga, it is also pushing to overhaul the creative team behind the camera.

Read More »

Bitter break: SRA chief David Alba resigns amid sugar imports mess

Sugar Regulatory Administration (SRA) chief David John Alba has tendered his resignation amid yet another importation fiasco.

Read More »
Back to Bilyonaryo.com homepage

Exclusive!

Who’s Who at ART SG

January 12, 2023

Art SG kicked off today with art world legends and collectors showing up with extra vigor after a two-year delay due to the pandemic.

Read More »

Advertisement

Bilyonaryo Premium Ad 1
Bilyonaryo Premium Ad 2
Bilyonaryo Premium Ad 3
Bilyonaryo Premium Ad 4
Bilyonaryo Premium Ad 5

Trending on
Business

GOLD
On the mend: Lopez family’s ABS-CBN cuts losses by 54% on strong ad and consumer sales

LYKA loses again: ARTA rejects Bren Chong firm’s request for automatic registration

15 Japanese firms to invest in the Philippines following successful Osaka Business Mission

PLATINUM
Food maker’s employee arrested for selling trade secrets and attempting extortion

Even the best fall down sometimes: Here are biggest fast food flops of Tony Tan Caktiong’s Jollibee

Lucio Tan’s LT Group sees robust growth in hard liquor and beverage units while banking, tobacco and real estate businesses disappoint

TITANIUM
Even the best fall down sometimes: Here are biggest fast food flops of Tony Tan Caktiong’s Jollibee

Gift daw from Kapitan! Lucio Tan’s trusted aide nabbed for P12-M extortion try after tip from his son-in-law Stanley Ng

MVP boys civil war! Is PLDT’s Al Panlilio finally getting his revenge over Ray Espinosa’s Meralco broadband expansion?

Read more Business stories

Trending on
Bilyonaryo

Business News

On the mend: Lopez family’s ABS-CBN cuts losses by 54% on strong ad and consumer sales

Social Fancy News

Katrina Ponce Enrile’s heartwarming support for Miss Universe Philippines 2022

Money News

BSP, ASEAN central banks to link payment systems through BIS Nexus project

Technology News

PLDT net income plunges by 60% amid network upgrades

Power News

PH conglomerate and global energy firms eye Tanay wind power project partnership with Vince Perez-led Alternergy

Property News

Sy-blings property arm to raise P35 billion from bond sale

Lifestyle News

One fine art: BenCab sets new record with P26-M painting sale

Food & Nature News

A night to remember: Charlene Singson’s birthday celebration at House of Wagyu

Health News

Moderna rebuked over plan to hike Covid vaccine to $130

Travel News

Hope springs eternal: NAIA can be among world’s best airports, says MIAA exec

Golf News

Big-driving McIlroy, Scheffler, Rahm win at WGC Match Play

Back to Bilyonaryo home page

Trending on
Bilyonaryo

Business News

• On the mend: Lopez family’s ABS-CBN cuts losses by 54% on strong ad and consumer sales

• LYKA loses again: ARTA rejects Bren Chong firm’s request for automatic registration

Social Fancy News

• Katrina Ponce Enrile’s heartwarming support for Miss Universe Philippines 2022

• Manny Villar honored with Centenary Award of Excellence for remarkable impact on accounting field

Money News

• BSP, ASEAN central banks to link payment systems through BIS Nexus project

• Toshiba to go private as board accepts $15 billion takeover bid

Technology News

• PLDT net income plunges by 60% amid network upgrades

• PLDT reaches settlement with equipment suppliers, reducing capex commitments by P15 billion

Power News

• PH conglomerate and global energy firms eye Tanay wind power project partnership with Vince Perez-led Alternergy

• Promoting competition and accountability: DOE, ERC to review competitive selection policy for power supply agreements

Property News

• Sy-blings property arm to raise P35 billion from bond sale

• Impact of inflation? Shangri-La Mall raises parking fees

Lifestyle News

• One fine art: BenCab sets new record with P26-M painting sale

• ‘Cleanfluencers’ sweep TikTok, drawing millions

Food & Nature News

• A night to remember: Charlene Singson’s birthday celebration at House of Wagyu

• Mr. Beast Burgers takes Manila by storm: Sold out in 2 days

Health News

• Moderna rebuked over plan to hike Covid vaccine to $130

•

Travel News

• Hope springs eternal: NAIA can be among world’s best airports, says MIAA exec

•

Golf News

• Big-driving McIlroy, Scheffler, Rahm win at WGC Match Play

• Scheffler, McIlroy win while Rahm falls at WGC Match Play

Back to Bilyonaryo home page

Copyright © 2022. Bilyonaryo. All Rights Reserved.
  • Home
  • Business
  • Social
  • Video
  • Money
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS
Menu
  • Home
  • Business
  • Social
  • Video
  • Money
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS