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NBI clears Luis Manzano in Flex Fuel issue

Entertainment | Celebrities

NBI clears Luis Manzano in Flex Fuel issue

By Neil Ramos

Luis Manzano was not among those charged by the National Bureau of Investigation (NBI) relating the complaints it received concerning Flex Fuel Petroleum Corporation.

Charged with the crime of syndicated estafa at the Taguig Prosecutor's Office were Ildefonso "Bong" Medel Jr. as with 11 officials of the company.

The whole issue unraveled early this year after several complainants came out to claim they were duped in millions by Bong and company.

Supposedly they were urged to invest in the company with the promise of huge earnings but it failed to materialize.

Luis was originally chairman of the company's board.

But according to the NBI, the actor-TV host was no longer part of Flex Fuel Corporation when the complainants invested in the company.

Luis' counsel, Atty. Regidor Caringal expressed elation relating the announcement in a statement.

“We thank the National Bureau of Investigation for working to obtain justice for investors like our client, Luis Philippe ‘Lucky’ S. Manzano, who appealed to law enforcement authorities to investigate the operations of Flex Fuel Petroleum Corporation.

“He shares his co-investors’ hope for a quick resolution to this matter, and he remains committed to helping efforts to recover the funds that they invested in the company.”

Note that Luis has a pending complaint against Bong, his childhood friend and wedding best man, claiming to have lost 66 million pesos in the company.

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