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Pinoy Business Workshop THE CASHFLOW BOARD GAME as taught by Robert Kiyosaki, US Multi-Millionaire and bestselling author
WHAT IS THE CASHFLOW GAME? * It teaches the concepts of investing and business in a simple and fun way, a 10-year old kid can play it * It is a simulation of real life -- in the game, you will have a profession, get your monthly salary (paycheck), AND invest (stocks, real estate, businesses) * The goal is "to get out of the rat race" a.ka. BE FINANCIALLY FREE * You play in a team of maximum 6 players; you play with other first-timers * Identifies the 4 types of people in the world of money and business (Employee, Self-employed, Business Owner, Investor) ,otherwise known as the Cashflow Quadrant * Facilitator will give inputs and tips on how to get out of the E and S quadrant to become a B and I
WHAT DO YOU NEED TO PLAY IT? * Fee of 400 pesos - inclusive of lunch - if you come alone (For the SATURDAY SCHEDULE, it's 200 pesos each if you come with at least 2 friends) * A calculator
VENUE AND SCHEDULE: * FIRST 3 SATURDAYS of EVERY MONTH (April 3, April 10, April 17 & so on) 8:30 am ~1:00 pm Spicy Fingers Restaurant, Greenbelt 2, Makati
* LAST SUNDAYS OF EVERY MONTH (March 28, April 25 & so on) 8:30 am ~ 2:00 pm Makati Stock Exchange (MSE) Building, Ayala Ave, Makati
IT IS YOUR CHANCE TO LEARN REAL-LIFE INVESTING AND WEALTH BUILDING THROUGH A FUN GAME! You'll be using play money so it is the best time to lose, and learn lessons that you can apply in real life. It's a meaningful date with friends and family!
To reserve seats, (1) Sign-up on www.ca2020.net (an invitation from DYAN RAMOS) -- AND -- (2) Send your name/age/occupation/reason for attending to 0929-5514774 or 0915-2948858
NOTE: Walk-in guests are not accepted, you should make reservations in advance.
“The only difference between a rich person and poor person is how they use their time” ~Robert Kiyosaki
Testimonial: "I've got an MBA and I didn't think I needed to be taught financial literacy. I was amazed at how much our culture has instilled in us that "being rich" equals "large income". Through CASHFLOW, I was able to shift my paradigm from earning more to making my assets work harder for me. Carol and I constantly joke about 'Doodads' whenever we get the temptation to buy something that uses up our cash. Thank you for introducing us to this game." - George Tran, Oregon
¡Mi sistema NO REQUIERE que tengas conocimientos técnicos ni experiencia previa!
Los Programas de Afiliados son muy sencillos de operar, y el nuestro es aún más fácil.
Podrías ingresar a mi selecto grupo de Súper Afiliados
recibiendo enormes beneficios al instante (entre ellos un aumento en la tasa de comisión y la capacidad de promover productos de alto valor, con más dólares por comisión).
Además…recibe dinero¡SIN HACER NADA!De cada afiliado que traigas a mi programa, recibirás un 10% por sus ventas. Podrías recibir jugosos cheques sin vender un solo producto.
Imagine who would have such taste and live in such opulence?
An American Billionaire? A Saudi Prince? Louis XIV of France ? Savour the pictures then scroll to the bottom of the page to see who owns this Work of Art.
This Mansion is in Salt Lake City, Utah, USA and belongs to: Senator Manny Villar of the PHILIPPINES While Filipinos starve, and die because of abject poverty ....and while Sen. Villar brags that he had poor beginnings and he had helped his poor countrymen over and over again... but look now.. he and his family live like this.......his GREED kills his poverty stricken fellow Filipinos . PLEASE send this to everyone you know. They can send it to everyone they know. Soon Filipinos around the world will know what this man is doing to the people he wishes to serve if elected President.
Good day! This is Krista of Global Learning Innovations. We're pleased to inform you that we'll be having a health care trend seminar entitled:
"FORENSIC NURSING SEMINAR"
to be held on: -March 14, 2010, Sunday -8:30am to 12:00nn -SM Cinema - The Block, SM City North EDSA, Quezon City, Metro Manila
Plenary Discussions: -Forensic DNA Analysis -Wound Assessment -Death Examination and Autopsy
Resource Speaker: PCI JERICHO ANGELITO Q. CORDERO, DPSP, MD, RN -Pathologist/Medico Legal Officer/DNA Analyst/Forensic Nursing Advocate -Deputy Chief, DNA Laboratory-PNP Crime Laboratory, Camp Rafael Crame, Quezon City -Pathologist, East Avenue Medical Center -Professor-Legal Medicine, University of the East
Don’t vote for Senator Manny Villar if you still love yourself.
Don’t vote for Senator Manny Villar if you still love your children.
Don’t vote for Senator Manny Villar if you still love your country.
Why?
Based on the facts narrated here and the pieces of evidence shown the judgment of DYARYO MAGDALO is that: MANNY VILLAR IS GUILTY.
As such, if elected President he is very much probable to be so corrupt, very much probable to be do dishonest, and very much probable to be so greedy for money.
And if he is really so, as the evidence suggest, he can be the biggest scam artist, bigger than what many believe about Gloria Macapagal Arroyo, bigger than convicted plunderer Joseph “Erap” Estrada, and also bigger than dictator Ferdinand Marcos.
A: The approval of original C-5
First, it is undisputed that during Marcos time the C-5 road project was already approved to connect North Luzon Expressway to South Luzon Expressway and to Coastal Road in Cavite without passing through Manila City.
This project approved during the last year of the presidency of Marcos had long begun its construction.
The portions of C-5 or Circumferential Road 5 are the following: (1) Gen. T. De Leon Road in Valenzuela City to connect to North Luzon Expressway; (2) Tullahan Road in Valenzuela City; (3) Mindanao Avenue in Quezon City; (4) Tandang Sora Avenue in Quezon City; (5) Congressional Avenue Extension in Quezon City; (6) Katipunan Avenue in Quezon City; (7) Boni Serrano in Libis, Quezon City; (8) E. Rodriguez Jr. Avenue in Quezon City and Pasig City; (9) Carlos P. Garcia Avenue in Makati City and Taguig City connecting to South Luzon Expressway; (10) the road adjacent to Merville Subdivision; and (11) the road to Coastal Road, officially named Circumferential Road-1 (C-1).
In the original project, the road from South Luzon Expressway to Coastal Road in Bacoor, Cavite shall be 6.3 kilometers and it was dubbed as “Manila-Cavite Toll Expressway Project” (MCTEP).
But in the new C-5 design, it became 9.7 kilometers because it had to pass in a zig-zag manner through other Villar properties Las Piñas and in Cavite.
B. The foreign loan worth 1.7 billion pesos
In the approval of MCTEP or the original C-5 South Extension project, the government authorized Public Estates Authority (PEA) to secure foreign loans for the project, implement the same in coordination with the Department of Public Works and Highways (DPWH) for the purchase of lots through which the road should pass through.
When the toll road is completed, it shall be under the supervision and control of PEA Tollway Corporation, a subsidiary of PEA.
As a consequence, PEA borrowed money in the amount of $68,564,875.00 in the currency of the United States of America.
To prove the existence of this loan, Clause A is hereby quoted:
“The borrower (PEA) requires loans in an aggregate principal amount of up to Sixty-Eight Million Five Hundred Sixty Four Thousand Eight Hundred Seventy Five Dollars ($68,564,875.00) for the purpose of financing the acquisition of the right of way for the Manila-Cavite Toll Road Project (the ‘Tollway Project’).”
At the time of the loan, which was guaranteed to be paid by the Republic of the Philippines, the amount of the dollar was 25 pesos to 1 dollar.
Computing, the loan in pesos amounted to 1,714,121,900 pesos.
This loan was used to pay the owners of the lots through which the MCTEP road would pass through.
In fact, this loan has already been consumed to pay all the owners of the portions of lots eaten by the MCTEP.
C. Private contractors of MCTEP
Since this is a toll way project, it was bid out to private contractors willing to pay for the construction of the road and to run the toll way like in the NLEX and SLEX.
This project was awarded to United Engineers Malaysia-MARA Philippines Corporation through the Toll Regulatory Board (TRB).
In due time, UEM-MARA started the construction of the toll road.
Without the knowledge of UEM-MARA, the project that it began was to be modified and in the process will lead to their loss.
It did not have any idea that a proposal that was long before submitted to change the direction or the course or the route of the C-5 South Extension project would be approved later to compel it to abandon the toll project.
D. Villar, Velarde, Henry Sy proposed changes to C-5 south extension
While then President Fidel V. Ramos was preparing for his last days in office as president, a letter with the heading of AMVEL and dated 27 April 1998, was sent to Ramon Dumaual, then the Officer-in-Charge of the TRB.
The letter was signed for the three corporations: (a) AMVEL realty corporation of El Shaddai leader Bro. Mike Velarde; (b) SM Holdings Properties of Henry Sy, owner of SM malls; and (c) Adelfa Properties Inc., the holding corporation of Villar and his wife.
For AMVEL, it was Bro. Mariano Z. Velarde himself who signed.
For SM Holdings, it was Engr. Felimon Avelino who signed.
For Adelfa Properties, it was Engr. Anastacio C. Adriano who signed.
In this letter, the three big realty corporations proposed to change the route directions of C-5 South Extension project so that their properties will be benefited.
On the same day of 27 April 1998, Dumaual forwarded a memorandum marked “confidential” to then President Ramos conveying the joint request of Bro. Velarde, Henry Sy and Rep. Manny Villar for the C-5 extension project to be modified.
The same was recommended for approval by then DPWH Secretary Gregorio Vigilar.
Momentarily, then President Joseph Estrada was elected as the new president and Vigilar remained as the secretary of the DPWH.
At the beginning of the new terms of offices, Villar ran for Speaker of the House of Representatives and then Makati congressman Joker Arroyo delivered a searing privileged speech exposing Villar’s irregular and improper loan transactions with SSS, GSIS and Pag-Ibig.
But this time or 11 years later, Joker defended Villar on the same accusations he hurled against Villar in his 1998 privileged speech against the Las Piñas senator.
Read DYARYO MAGDALO’s previous issue to know about the privileged speech of Joker.
In a communication dated 29 December 1998, Vigilar informed Velarde that the proposal of the three realty corporations was approved by the TRB, this time with Erap as president.
At the same time, the Capitol Bank owned by Villar and his wife, Cynthia, which bank was mentioned by Joker in his privileged speech, went bankrupt because the loans made by his realty corporations with his own bank were not paid.
These loans were made despite the prohibition of the Corporation Code against the owners of the bank from borrowing money from their own bank. These kinds of transactions are called “DOSRI loans.” DOSRI stands for “directors, officers, stockholders and related interests.”
It was said that it would come to pass later that Villar worked hard to recoup these properties mortgaged to Capitol Bank and the recovery efforts could have been related to his determined bid related to the conclusion that saw him receiving right-of-way payments for the new C-5 road.
So that instead of pursuing the original proposal of Velarde, Sy and Villar to rely on the TRB to construct the C-5 South Extension road, Villar and his wife combined in congressional efforts to compel the government to construct the said road using the government’s own money, in the form of their own pork barrels or PDAF or CDF.
This time, the link road from Sucat road of the original C-5 design was changed into the Las Piñas-Parañaque Link Road Paroject before finally going to Cavite.
E. Ensuring construction of new C-5 design
The husband as a senator and the wife as a congresswoman jointly proposed the construction of the new design of the C-5 extension project.
This they did using influence with Villar first as the Finance Committee chief of the Senate and later as the Senate president.
The finance committee chairman has the power to insert budgets during the reconciliation of the versions of the national budget from the House and the Senate.
When he was the finance committee chairman, the Senate President was Franklin Drilon.
When Drilon’s term was about to expire, Villar took over as the new Senate President.
And when he was already the Senate President, Villar had more powers to influence approval of the budget.
Thus, by means of his pork barrel and budget allocated to other items, the payments for the right-of-way were assured.
F. The route of the new C-5
The new design of the C-5 South Extension project starts from the same point in SLEX where the old C-5 design should start in going to Cavite.
For about two kilometers, the new C-5 extension road runs adjacent and parallel to the original route of the old C-5 design. The same is adjacent to the boundary of Merville subdivision in Parañaque.
Thereafter, the new C-5 design deviated to the right to pass adjacent the edge of Multinational Village, said to have been developed by Bro. Mike Velarde.
After that, the new C-5 design proceeded by forming an “S” curve through the wide track of land owned by Brittany realty corporation, formerly Azalea, which is owned by Adelfa Properties, which in turn is owned 52% by Manny Villar and 48% by his wife Cynthia.
The property of AMVEL, owned by Velarde, was also passed through by the "S" curve in this section. Records showed that AMVEL was paid almost P2 billion for right-of-way payments.
The end of the “S” curve of the road, passed through land owned by Adelfa Properties.
From Adelfa lands, the new C-5 design overlapped the route of the old C-5 design for about two hundred meters.
After that, the new C-5 route crossed Sucat Road and beside it is located SM City Sucat owned by Henry Sy.
At this Sucat junction, or SM junction, the new C-5 road proceeded in the direction about a right angle, or 90 degrees, from the direction of the old C-5 route in going to Coastal Road.
The new design passed through Pulang Lupa, Zapote where another realty corporation of Villar, Crown Asia, is located.
Thereafter, the route of the new C-5 design passed through subdivisions owned or managed by the corporations of Villar.
It crossed Aguinaldo Highway at the junction where St. Dominic Hospital and the popular Tropical Hut are located.
This road under the new C-5 design should proceed straight ahead to connect to the route planned-but-still-not-implemented extension of Coastal Road, or C-1.
Take note that the original C-5 south extension route should connect the Coastal Road through Binakayan Road in Longos, Bacoor, near the bridge where Fisherman’s Wharf is located.
But under the new C-5 South Extension design, the C-5 road still went ahead in a zig-zag route further ahead to pass through St. Dominic hospital before it will finally connect to the still-to-be-constructed extension of the Coastal Road.
Were it not for the coup in the Senate that saw Senator Juan Ponce Enrile grabbing the seat of the Senate President, Villar could have still continued as Senate President and he could have completed the new C-5 South Extension project.
G. 1.7 billion pesos paid for lots for old C-5 design wasted
By reason of the fact that the new C-5 design has already been constructed and nearing completion under the funding of the government, the private contractor of the MCTEP toll road project stopped the construction of the pavement.
It was compelling for the private contractor to stop the foolishness because their toll road project will not earn.
Who will pass the toll road to pay when there is an adjacent good road to pass through for free?
Because the toll road contractor backed out of the old C-5 project, what will happen to the road lots bought for P1.7 billion by the government?
It will go to waste because it can never become a road, after all.
H. Who will pay the P1.7-billion foreign loan for old C-5 extension?
Because the old C-5 route is no longer viable as a toll road, there is now nothing from which the projected payments for loan can be sourced.
Under the foreign loan agreement, it is the PEA that shall pay and the Republic of the Philippines is the guarantor.
This means that the government has spent P1.7 billion for nothing.
Why Villar should propose that C-5 should be zig-zag when a shorter straight line route was already in place in the old C-5 design and the owners of the lots to be affected were already paid or programmed to be paid?
Why Villar should propose that the C-5 south extension should be redesigned when foreign loans were already secured by the Public Estates Authority (PEA) to pay for the affected lots in the total amount of P 1.7 Billion?
How will the PEA pay the foreign loans now for it has no more toll way from which it can earn if the said toll way project were not bumped off by the new C-5 extension project? What will then the government do with these already unusable road lots?
I. Developing subdivisions with the government paying for main roads
In ordinary subdivision projects, the owners-developers are required by law to provide for roads from their own land and develop the said roads by spending their own money so that they are justified to sell the subdivided lots in higher prices.
But in the case of Villar subdivisions in relation to the new C-5 design, it is now the government that paid for the main road (new C-5 design) connecting Villar subdivisions to the mainstream economic communities.
What is more, it is also the government that developed the said main road named C-5 Extension Project.
With the very good road now in place, Villar can sell his subdivision properties at very high prices without building access roads.
J. Proofs that Villar’s pork barrels were used
The following records from the Senate are the proofs that Senator Manny Villar used his pork barrels to ensure to construction of the new C-5 design:
1. Funding of P15,500,000.00 released on April 7, 2003 appropriated in the year 2002 as “Slope Protection for Las Piñas-Parañaque Link Road at creek bounding Las Piñas City and Parañaque City and including removal of illegal structures”;
2. Funding of P15,500,000.00 released on September 16, 2002 as another item for “Slope Protection for Las Piñas-Parañaque Link Road at creek bounding Las Piñas City and Parañaque City and including removal of illegal structures”;
3. Funding for P15,000,000.00 released on December 23, 2003 as “Road construction, concreting of Las Piñas-Parañaque Link road – Quirino Ave. to A. Santos Ave. (Sucat Road)”;
4. Funding of P16,000,000.00 released on April 12, 2005 for “Construction of Las Piñas-Parañaque Link Road including ROW (right-of-way) acquisition”;
5. Funding of P30,000,000.00 released on March 3, 2004 for “Construction of Las Piñas-Parañaque Link Road”; and
6. Funding of P10,000,000.00 released on August 24, 2006 as “Road Construction at LP-Parañaque Link Road (PCCP).
K. BIR certified values of Villar’s properties
In the testimonies of Carlos T. Bacolod Jr., Special Investigator II of the DPWH National Capital Region whose official function revolves around investigation of administrative cases and road-right-of-way problems, he stated that he was the one who actually investigated and determined whether the prices of the lands to be acquired as right of way were correct or not.
In the case of the road lots acquired for the new C-5 design, he told the Senate committee hearing that he based the prices of Villar’s lands on the zonal values prepared by the Bureau of Internal Revenue.
It is noted in the distant past that Villar argued that there was no overprice in the lands acquired from him for the new C-5 road design because it was the BIR that fixed the prices.
His defenses put up by his underlings insisted that Villar did not have any hand in fixing the prices.
As it showed in the testimonies of Bacolod, he indeed confirmed that he did not see Villar intervening in his work of investigating the correctness of the prices of the lands to be acquired as right of way for the new C-5 design.
Thus, he confirmed the following prices were pegged for Villar companies or controlled corporations for the road right of way:
1. Adelfa Properties -- TCT No. T-7990, at P13,300 per square meter for a total of P21,452,900.00 for 1,613 square-meter part of this lot used as road in the new C-5 design. This was a raw or undeveloped land when acquired, such that it was improbable for it to fetch a price too high as this.
2. Golden Haven Memorial Park, Inc. – TCT No. T-105324 at P13,300 per square meter for a total of P11,776,884.00 for 885.48 square-meter part of the said lot. This was also a raw or undeveloped land.
3. Golden Haven Memorial Park, Inc. – TCT No. T-6720 at P13,300 per square meter for a total of P22,261,939.00 for 1,673.83 square-meter part of the said lot. This was also a raw or undeveloped land.
4. Golden Haven Memorial Park, Inc. – TCT No. T-26482 at P13,300 per square meter for a total of P21,675,675.00 for 1,629.75 square-meter part of the said lot. This was also a raw or undeveloped land.
The first three prices above were based on the BIR Certification dated 11 August 2000 issued by Revenue District Officer Rosalie U. Sarthon under the “Revised Zonal Valuation 1996.” The fourth-lot price was based on another BIR certificate dated 13 May 2002 issued by Revenue District Officer Marcelino M. Quito.
Contrary to these extremely-high prices, the City Assessor of Las Piñas City issued Tax Declarations of the Real Property showing that the lot covered by TCT No. T-26482 was “agricultural” in 2002 and 2003.
So that if these lands were “agricultural” or “raw land,” then the BIR officers who signed the BIR certifications certifying the P13,300 per square meter value of Golden Haven must have no basis in determining such high zonal values.
And if there was no basis, then these BIR officials must have conspired with Villar.
Why?
If there was no conspiracy, why should these BIR officials certify the extremely high prices if they should not profit from it?
Of course, a person who does not gain from what he is doing must have been fair in his actions.
But if there are pieces of evidence to show that there is no basis in the act of certifying extremely high prices, then these BIR officials must have conspired with Villar for these BIR officials were not owners of the said lands.
This is clearly the only inference or deduction that can be taken from these circumstances.
Adding to the proof of conspiracy are the extremely lower prices of other lots located in the vicinity of Golden Haven, which lots were also acquired for the new C-5 road design and these were priced as follows:
1. Gatchalian Realty, Inc. lots – involving TCTs Nos. 52183, 64294, 64292, 64291 and 64293 – were priced by the BIR at P1,600 per square meter. This is hilarious because these are actually located in the same vicinity where these Golden Haven properties were located.
2. Lourdes and Iluminada Rodriguez lot – TCT No. T-354500 was priced at P2,500 per square meter. This is also located in the same vicinity.
3. Pedro Paz property – TCT No. T-14761 was priced at P2,500 per square meter. This is also located in the same vicinity.
4. Enrique Factor et al property – TCT No. T-80379 was priced at P1,600 per square meter when located in the same vicinity.
5. Corazon and Araceli Rodriguez property – TCT No. S-28050 was priced at P1,000 per square meter, also in the same vicinity.
6. Jesus Rodriguez et al property – OCT No. 363 was priced at P3,000 per square meter, also in the same vicinity.
7. Rodolfo Plaza et al property – Lot 13-B-1, Psd—007604 was priced at 4,000 per square meter, also in the same vicinity.
8. Nery Property Dev’t Corp. property – TCT No. T-122337 was priced at P4,000 per square meter, also in the same vicinity.
According to Mr. Bacolod, these were based on the zonal values of the BIR as certified by those officials.
Amusingly, Villar’s other properties named under Adelfa Properties Inc. were priced fairly – TCT No. T-56813, 56814, 56843, 80379 were priced from P1,600 to P2,500.
Of all lots, it was the property belonging to Masaito Dev’t Corp. that was priced the highest, at P30,000 per square meters, covered by TCT No. T-68800. It was reported, however, that Masaito and Adelfa Properties had a land swap deal that the payments for Masaito were given to Adelfa.
The total area involved in Masaito’s lot is 1,606 square meters and were paid P48,180,000.00. This zonal value was certified by the BIR Certification dated 17 June 2003.
What is a mystery in this Masaito deal is that the part of the land involved had no access road at that time and was too far from Real St. where the price of the lot is P30,000.00.
What proves further the fact of fraudulent zonal values stated in the certifications issued by these BIR officials is the fact that without the new C-5 road these properties will still be nothing but lands without access roads.
So that when there were no access roads, these can never be priced as high as those located beside the roads.
So that there is now a substantial proof that the prices were manipulated to favor Villar properties.
And if those who manipulated were not even owners of the land concerned or will never profit therefrom, why should they fraudulently declare it so?
Further, the three satellite photos of the area where the new C-5 South Extension project is now located prove that at the time of the acquisition of the right-of-way lots the lands were yet green as in raw lands.
The first shot was taken by the satellite shoot of Yahoo.com, showing that the lands had no structures.
The second shot of Google.com showed that there were a few structures already.
The third shot taken by Microsoft satellite showed that there were some structures.
See the photos here presented to prove these statements.
So that these photos proved that during the time of the acquisition of the raw lands, there was no reason for these lands to have zonal values at P13,300 per square meter.
The only answer is: these BIR officials conspired with Villar to fix the extremely high prices.
L. Twisted arguments of Villar against conflict of interest
In the arguments presented by Villar’s defenders, they asserted that there was no conflict of interest in the acquisition by the government of his properties because it was not him who sold the lands acquired, but that it was the government that pursued in buying his properties.
This smacks of a “Pilosopo Tasyo” argument.
Additionally, Villar’s defenders argued that the government’s acquisition of his properties was an exercise of eminent domain to use the lands for public use.
In arguing in this manner, the defenders of Villar forgot that it was Senator Villar and his wife, Congresswoman Cynthia of Las Piñas, who proposed and pushed for the approval of the Las Piñas-Parañaque Road Link Project, which is a part of the new C-5 design from Sucat Road to the boundary of Cavite.
Proving that it was the Villar spouses who proposed the link road project is a document entitled “PROJECT PROFILE.”
This document submitted by the DPWH to the Senate has the subhead: “CONSTRUCTION OF ROAD AND BRIDGES FROM QUIRINO AVENUE, PULANG LUPA LAS PIÑAS CITY TO A SANTOS (SUCAT ROAD), SAN DIONISIO, PARAÑAQUE CITY.”
The Project Profile states that the total length of the road is 2.177 kilometers.
The same Project Profile states that the estimated cost of the link road would be P710.97 million.
The same Project Profile states that “proponent” is listed as “SENATOR MANUEL B. VILLAR JR.” and “CONGW. CYNTHIA A. VILLAR.”
Villar’s defenders must have forgotten that when the said link road was proposed, it was already drawn on the map where the road should pass through and it was clear in the map that the lots that should be acquired to make the road belonged to Villar.
Since it was the Villar spouses who pushed for the new C-5 design, they were aware that if the proposal would be approved their own lots will be paid by the government to construct the said highway because they were already the owners of the said lands at the time of the submission of the link-road proposal.
And if Villar spouses knew before the submission of the proposal that their lots would be bought, then conflict of interest occurred right at the time of submitting the proposal.
The Constitution requires senators and congressmen to disclose if conflicts of interest would occur in the laws being submitted for approval by the Congress.
At the time the link road was submitted for approval by the Congress, the interests of the Villars were to gain from the sale of their lands that would be bought if the proposal would be approved.
At that same time, the interest of the government is to buy the said lands at the cheapest price possible.
So that it is very clear that there were really conflict of interests.
It was also clear that Villar spouses did not declare these conflicts of interest, violating the constitution. This violation constituted grave misconduct, a ground for dismissal from the Senate and the House of Representatives.
N. The new C-5 extension is not different from old C-5 (MCTEP)
The defenders of Villar asserted that the MCTEP or the old C-5 is different from the new C-5 extension such that toll road will still push through.
This is a big lie.
How can it be when about 200 meters of the new C-5 design overlaps the old C-5 design?
Additionally, who would be the motorists or drivers who would still drive through the old C-5 design when doing so would entail payment while passing through the new C-5 design is free of charge?
