Bro. GP strikes again! He’s sold two more prime properties in Antipolo City! This brings up the total number of sold properties that we have exposed to-date to 11, and counting…
So which properties this time? Thanks to the AE who forwarded these pieces of evidence to me, we have learned that 2 more lots, adjacent to the 4 lots we covered in our Part 4 article, have also been sold. Ref. https://incsilentnomore.wordpress.com/2015/07/16/part-4-glicerio-p-santos-iv-sold-four-inc-prime-properties-in-antipolo-city-for-php-16-9-million/
Our late Executive Minister, Bro. Erano G. Manalo, bought a total of 8 parcels of land in this part of Antipolo City in 1995 for Church use. Of these, Bro. GP has already sold 6, so just 2 more to go. (BTW, some brethren have inquired: How big of a commission did you get out of these sales, Bro GP? And surely, your dad got a cut, too, right? Because we’ve heard that on the Ugong properties alone, the Broker’s commission was about P18 million! And your dad wanted a 50% clawback! )
These parcels of land are located along Sumulong Highway, a prime and high-traffic area in close proximity to Robinsons.
The asking price was P6,000/sqm but both lots were sold for only P3,000/sqm.
- Lot 2-H-5 with TCT #281777 was sold to CT Builders Inc. for P7.78 million just this past February 2, 2015.
- Lot 2-H-6, TCT #281778 was sold to Haven of Angels for P7.73 million on May 2, 2014.
How was Bro. GP able to sell these properties? Basically they used the same technique they used to sell the 4 lots, i.e., by presenting a Secretary’s Certificate. As one brother told me, “Why not, when by this time, they’ve already perfected the technique?”
Bro. GP represented our beloved Executive Minister Bro. Eduardo Manalo in both transactions. Here are copies of the Deeds of Sale:
- Lot 2-H-5, TCT #281777
Deed of Sale:
2. Lot 2-H-6, TCT #281778
Deed of Sale:
Since we started exposing the mechanics for effecting the disposition of Church properties, I have been inundated with emails and FB PMs from brethren asking me to confirm that Bro. Eduardo V. Manalo has actually agreed to let go of these properties.
Brethren, as I have told you individually, I can neither confirm nor deny that. Like you, I CANNOT IMAGINE our beloved Executive Minister Bro. Eduardo V. Manalo wanting to undermine and betray his father and our dear former Executive Minister Bro. Erano G. Manalo’s vision with respect to these properties. If it had just been 1 or 2 properties that were later determined the Church had no need for anymore, I think that would have been acceptable. But 11 so far and more to go!? All in prime locations, and disposed by members of Sanggunian with questionable integrity, ethics and morals? HOW CAN ONE NOT HELP BUT BE SKEPTICAL?
In closing, let me share copies of the cancelled TCT’s which INC owned as well as the new TCT’s that were issued to CT Builders Inc. and Haven of Angels, the new owners. Thanks again to the AE who sent them to me.
1. Lot 2-H-5, TCT #281777
2. Lot 2-H-6, TCT #281778
“They tried to bury us…they didn’t know we were seeds”
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“Unlike you, I don’t have power or money, but what I do have is a very particular set of skills, skills I have acquired over a very long career. Skills that make me a nightmare for people like you. If you tell the truth now, that’ll be the end of it. I will not look for you, I will not pursue you. But if you don’t, I will look for you, I will find you, and I will expose you.” – AE