Latest Breaking News On - Izumo contractors - Page 1 : comparemela.com

Sandiganbayan (File photo) MANILA - The Sandiganbayan has found a former Bataan mayor and a businessman guilty of malversation and sentenced them to up to 18 years imprisonment. The court's Third Division convicted former Mariveles, Bataan mayor Angel Peliglorio Jr. for malversation in connection with irregularities in the construction of the Mariveles Public Market in 2007. Likewise convicted was Cedric Lee, president and chief executive officer of Izumo Contractors, Inc., which received advanced mobilization funds for the project which never commenced. "(T)he totality of the facts arising from the evidence undoubtedly shows conspiracy between accused Lee and accused Peliglorio Jr.," read the 54-page decision promulgated June 3. The court sentenced both to imprisonment of 12 to 18 years and a fine of PHP23.47 million in fine "equal to the funds malversed". The amount represents 15 percent of the construction budget amounting to PHP110 million for the building,

Cedric leeAngel peliglorio jrPeliglorio jrThird divisionIzumo contractors incAngel peliglorioMariveles public marketIzumo contractorsSandiganbayan file photo manila the has founda former bataan mayor anda businessman guilty of malversation and sentenced them to up 18 years imprisonment court 39s third division convicted marivelesAtaan mayor angel peliglorio jr for malversation in connection with irregularities the construction of mariveles public market 2007 likewise convicted was cedric leeResident and chief executive officer of izumo contractorsHich received advanced mobilization funds for the project which never commenced quott he totality of facts arising from evidence undoubtedly shows conspiracy between accused lee and peliglorio jrUot read the 54 page decision promulgated june 3 court sentenced both to imprisonment of 12 18 years anda fine php23 47 million in quot equal funds malversed amount represents 15 percent construction budget amounting php110 for buildingOnstruction and site development of the market court noted that no documents were presented to prove izumo is entitled toa lump sum advance payment quot apart from self serving statementsHere was no breakdown of the designs and studies he enumerated nor were there any contracts that would prove outsources paid other servicesUot the court ruled noted that lee quot merely mentioneda general term