Tuesday, January 6, 2015

What Can You Say Now BCDA? #OnlineBizniz

The fiasco or drama of Bases Conversion and Development Authority (BCDA) against Camp John Hay Development Corporation (CJH Dev Co) continue to evolve gradually and it really shows the flaw of its story. Is it harassment for Robert Sobrepena?

BCDA earlier argued that CJHDevCo, the developer of the former American recreation facility in Baguio City, deliberately chose not to perform its rental obligations despite the existence of retained earnings and other revenues.

BCDA celebrated a legal victory after the Court of Appeals overturned a pro-Sobrepeña decision of the Baguio Regional Trial Court in 2012, which issued an injunction against the BCDA’s move to eject the businessman. The Court of Appeals ruled that the P736-million bond posted by the Sobrepeña group for its case in the Baguio RTC, via a firm known as First Integrated Bonding and Insurance Corp., was invalid. According to Bases Conversion and Development Authority (BCDA), the firm was not accredited by either the Insurance Commission or the Supreme Court to conduct business with any court in the country.

The BCDA’s playing another dirty propaganda by misleading locators and shareholders when it issued a Notice to Investors claiming the CA had lifted the injunction against BCDA making it appear that CJHDevCo’s no longer in-charge of the camp. The announcement brought panic to CJH DevCo that the camp could be treated by investors as negative element for their revenues.

Last December 19, 2014, the Pasay RTC Branch 119 Judge Pedro Gutierrez denied the motion for reconsideration filed by government prosecutors on behalf of the Bases Conversion and Development Authority (BCDA), which had sued Sobrepeña for allegedly reneging on the lease agreement he signed. BCDA failed to establish probable cause in accusing Bob Sobrepeña of making false representations that the company was incapable of paying rentals for Camp John Hay.

While DOJ filed this estafa case against Bob Sobrepena, it never will pin down the core of its development, thinking other resources to finally grab the trust of the Pasay RTC branch.

DOJ never thought once and for all, that their defense’s not that solid and founded by its merits. The case nevertheless defended mutually when merits are thoroughly studied before it’s filed.

When the government intention’s to single-out Bob Sobrepena as the main culprit in the MOA between them, it’s really showing up now.
The result of this case gives the Singapore Court a merit - this Pasay RTC decision in culminating the whole case into its finality.

1 comment:

  1. I am extremely impressed along with your writing abilities, Thanks for this great share.


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