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Friday, March 29, 2024

Economic sabotage charges vs Sunvar

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PRESIDENT Rodrigo Duterte on Wednesday threatened to file economic sabotage raps against the owners of Sunvar Realty Development Corp., for refusing to return the Mile Long property in Makati to the government.

“If I could prove…economic sabotage, then I will file cases against them for economic sabotage,” Duterte said in a speech during the 113th anniversary of the Bureau of Internal Revenue. 

Duterte said the company’s owners had been holding the property for almost 50 years, but he insisted they needed to vacate the property as a result of the lack of a formal contract. 

“The lease contract has already expired [but] you continue to lease it,” Duterte said. 

“So what does that mean? It means swindling on a large scale because that is money that you should surrender.”

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Duterte urged them to settle their tax liabilities with the BIR.

Duterte in his previous speeches vowed to recover the Mile Long property in Makati.

Recently, the Court of Appeals dismissed a case filed before lower courts by the owners of Sunvar Realty Development Corp. to stop its eviction from the property.  

The government and state-run power generator National Power Corp. leased the lot to Technology Resource Center Foundation Inc. for 25 years until 2002. The foundation subleased the property to Sunvar, which put up the commercial establishments Premier Cinema, Mile Long Arcade, Makati Creekside building, Gallery building and Sunvar Plaza.

In 2008, the Office of the Solicitor General asked Sunvar to vacate the properties but the company refused, prompting the government to file a complaint. 

In 2016 the Makati Regional Trial Court Branch 59 issued a temporary restraining order that stopped the eviction of Sunvar. The CA, however, ruled that the lower court had no jurisdiction over the case.

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