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Cedric Lee, the businessman embroiled in a mauling incident against actor Vhong Navarro, faces another suit, this time over anomalous use of bank loans.
In a complaint filed with the anti-graft court Sandiganbayan on Monday, the Ombudsman said that based on their preliminary investigation, "there is sufficient ground to engender a well- founded belief" that Lee and former Mariveles mayor Angel Peliglorio, Jr. "committed and are probably guilty" of violation of Section 3 (e) of Republic Act 3019 or the Anti-Graft and Corrupt Practices Act and malversation of public funds under Article 217 of the Revised Penal Code.
The Office of the Ombudsman said former Mariveles mayor Angel Peliglorio Jr. conspired with Lee as President and CEO of Izumo Contractors Inc. by authorizing the release of P23.47 million bank loan proceeds to Lee's company on March 27, 20015, for the supposed construction of a public market in Mariveles.
While another separate amount of P14.056 million in bank loans was releases on March 27, 2005 and was the subject of a separate graft complaint, while still involving the same project.
The Ombudsman said the funds and loan proceeds were released to Izumo as an advance payment for the construction of the public market, but the construction has actually "never commenced."
Lee and Peliglorio violated Article 217 of the Revised Penal Code for misappropriation or malverstion of public funds due to abandonment or negligence.
The businessman with Deniece Cornejo are out of bail from serious illegal detention charges after Navarro filled the case.
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