A business executive has filed qualified theft and syndicated estafa charges against Magsasaka party-list Rep. Argel Joseph Cabatbat before the Quezon City Prosecutor’s Office.
Soliman “Dexter” Villamin Jr., DV Boer Microfinance Inc. president, accused Cabatbat, Gilbert Bugia, Rachel Bugia, Ma. Loreta Abelida Daguio, Sophia Bianca Parro, Liezel Regis Abella, Saron Jhon Sobrino, Julie Ann Cunanan, Paul Jeremy Peren, and the board members and incorporators of the Northwinds Farm Zambales of unauthorized release and disbursement of loans that benefited Bugia’s Northwinds Farm Zambales, “through his wife or through an obscure employee.”
He said the respondents were once affiliated with the microfinance firm.
“The crime happened in the company’s offices abovementioned. Crime transpired sometime from 2017 - 2019,” he said.
“Respondents, when they were still running the company, did not have a documented procedure of extendinghi loans. Many loan applications were not completely filled out. Proof of financial capacity, such as proof of ownership of property, personal and business tax returns, certificate of employment and salary, etc., were absent. On the face of these lapses, the respondents let the loans through and the money out,” the complaint stated.
Villamin, through the Respicio & Co. Law Firm, threatened to file charges of car theft and qualified theft against Cabatbat; Krizza Joy Peracho, vice president for operations; Abraham Aguilar; Randy Macalindol, and the Bugias for the lost of a cars belonging to the company.