PostHeaderIcon US homes and businesses, another scandal for the Arroyos?



In the fading days of Pres. Gloria Arroyo’s term as president, another allegation of ill-gotten wealth is brewing for her family. Her son, Pampanga Rep. Juan Miguel "Mikey" Arroyo, was reported to have failed declaring a P63.7 million property fronting San Francisco Bay in California. It was alleged this foreign property located at 1655 Beach Park Blvd, Foster City was named under his wife’s name in 2006.

“By omitting the US property starting in 2007, Mikey’s real property assets plunged from P90.7 million in 2006 to P27 million in 2007 and 2008.

All the business interests Mikey declared in his latest SALN were acquired when he was already congressman: president of Mikey’s Horseman Bar and Grill, 2006; director of LPG Auto Gas and shareholder in Los Manos Verdes Inc., 2007; and shareholder in U18 Properties Inc. and stockholder of the La Vista Investments and Holdings Inc. in 2008.”---Malaya (08/31/09, Files, V.)

Similarly, Dato, Gloria’s other son also bought a house worth P26.7 million in the golden state after he won as congressman in 2007. But this, he declared in his tax declarations.

These allegations are on top of local businesses that the Arroyos are reportedly engaged in. As usual, the first family has to answer with a denial. But won't they give their proof? The Filipino people need to know if there is any wrong-doing in these property purchases. With another investigation it will take time to know if all these accusations are true. (Photo Credit: ____) =0=

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