Luis Manzano, itinangging involved siya sa alleged P100-million Flex Fuel scam

- Luis Manzano is currently facing a complaint before the National Bureau of Investigation (NBI)

- The complaint was filed against Manzano and businessman Ildefonso “Bong” Medel Jr.

- According to the complaint, 100 investors of Flex Fuel allegedly failed to recover their investment on the petroleum company, where Manzano used to preside as the chairman

- Manzano and his attorney denied being involved in the alleged P100-million scam, saying that Medel was the one handling the management and operation of Flex Fuel

Luis Manzano was slapped with a complaint before the National Bureau of Investigation (NBI) after 100 investors of Flex Fuel allegedly failed to recover their investment on the petroleum company, according to Bilyonaryo.com. Manzano used to be the chairman of Flex Fuel.

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The complaint against Manzano and businessman Ildefonso “Bong” Medel Jr. was filed by five of the 100 investors — each investor allegedly provided P990,000 or a total of almost P100 million to Flex Fuel.

The complainants’ spokesperson — Jinky Sta. Isabel — also told Bilyonaryo.com that Manzano was the one who proposed and convinced them of the Flex Fuel investment plan during a Zoom conference.

“We invested because of Luis Manzano. His message during a Zoom conference in 2020 resonated with us. We trusted in Flex Fuel because his name was attached to it.

“Manzano told us he’s no longer connected with the company. However, it was him who represented Flex Fuel to us in 2020 and that’s why we invested,” Sta. Isabel claimed.

In a letter to NBI Director Atty. Medardo de Lemos, Manzano’s attorney Regidor Caringal defended the actor, saying that his client resigned as chairman of Flex Fuel in February 2022, as reported by PUSH.

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Medel’s company also allegedly owes Manzano P66 million.

In an affidavit, Manzano said that he was not involved in managing Flex Fuel and that Medel was the one handling the operations of the company.

“I never took part in the management of the business.

"Bong conducted the business in such a way that operational matters were kept away from me," Manzano stated.

In an article by Mary Ann LL. Reyes for The Philippine Star, it was reported that SEC issued a certification that there are some petroleum companies engaged in selling securities to the public without having the permit to do so. The companies mentioned in the article include PetroMobil, FlexFuel, Jeafer Fuel, Maximum Fuel, Power Fill, Nirvana Fuel Corp., Marz Fuel, Ofir Petroleum, Astral Fuel, and iFuel.

Luis Manzano is a popular actor and host who is married to Jessy Mendiola. He is the son of showbiz legends Vilma Santos and Edu Manzano. He has also starred in a number of movies.

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Cristy Fermin shared Vilma Santos’ purported reaction to her granddaughter, baby Peanut. During “Cristy Ferminute” on Monday, Cristy said Vilma recently paid a visit to Luis Manzano, Jessy Mendiola and their baby girl. Vilma then allegedly described to Cristy how adorable baby Peanut is in person. The veteran showbiz columnist also said that as per Ate Vi, both Jessy and Luis are very hands-on in taking care of their child.

Jessy and Luis’s respective posts about Isabella Rose or baby Peanut immediately made the rounds on social media. In their posts, the celebrity couple finally unveiled the adorable face of their daughter. They posted endearing photos of the celebrity baby, who turns one month old. Baby Peanut’s heartwarming pictures then received numerous pleasing comments in no time.

Source: KAMI.com.gh