Editor’s take: The week that was Feb 15-20
February 21, 2021
It’s been known for a long time that there were cracks emerging at the Philippines-based prefabricated housing construction firm
Revolution Precrafted.
This week, the controversies regarding the luxury builder took a new turn when the country’s National Bureau of Investigation, acting on a complaint by contractors and suppliers, decided to probe the company. The complainants said they were duped by the firm, which allegedly led to losses worth $3 million.
Established in 2015 by
Robbie Antonio, the flamboyant son of the real estate tycoon
Jose Antonio, Revolution Precrafted had become the first Philippine unicorn within two years of its founding.