NBI to summon Luis Manzano

The National Bureau of Investigation (NBI) is reportedly sending a summon to Luis Manzano in relation to the estafa issue involving Flex Fuel Petroleum Corporation.


It was Luis who actually requested the agency to investigate the company after several investors purportedly approached him seeking aid in recovering their investments in the fuel company.

In a letter addressed to NBI Director Atty. Medardo De Lemos dated Nov. 8, 2022, Luis through his counsel, Atty. Regidor Caringal, clarified that he had “resolved to divest his interest and resigned as chairman of the board” of several corporations in the ICM group headed by Chief Executive Officer Ildefonso “Bong” Medel, including Flex Fuel Petroleum Corporation.

In an affidavit dated Dec. 21, 2022, Luis explained that he was made chairman of the boards of Bong's companies “as one of the guaranties for my investment.”

But he stressed that he never took part in the management of the business. And that he later resigned and formally disassociated himself from ICM group companies, including Flex Fuel.

“Bong conducted the business in such a way that operational matters were kept away from me,” was how Luis put it, reiterating that Bong did not disclose “important matters” to him.