Thursday, January 30, 2014

Who is Cedric Lee?

Cedric Lee

Cedric Lee the person who is involve in Vhong Navarro's beating last January 22 is a managing director and a major shareholder of Colossal Mining Corporation according to his LinkedIn profile. It also says that he is a Business Management graduate of De La Salle University and was involved in some companies that includes large mining firm.

Some companies that he listed includes, contractor Izumo Contractors Inc., landfill manager Waste Management Inc., and dredging operator Phil-Asia Dredging and Reclamation Corp. It also say that he is a managing director and a major shareholder of Colossal Mining Corporation.

Colossal Mining Corporation is a member of the Chamber of Mines, that states that they are engaged in mining and production of iron concentrates in the Philippines.

Bureau of Internal Revenue Commissioner Kim Henares in an interview said that she will looked into Lee's associates who are facing tax evasion raps.

Henares also mentioned that one of Lee's business partners is Tyrone Ong, who was charged for tax evasion by the BIR in June 2012. The BIR charged Ong, president of Mandaluyong City-based Enviroaire, Inc., in June 2012 for failure to pay his tax obligations in 2007 amounting to almost P184 million.

Enviroaire has supplied the Philippine National Police (PNP) with motor equipment, and is also into the emission testing business.

Ong is currently detained at the PNP Custodial Center in Camp Crame after having been ordered arrested by the Sandiganbayan in August 2013 on graft and malversation charges for the fictitious repair and maintenance of V-150 armored vehicles worth P385.48 million in 2007.

The anti-graft court did not allow him and his co-accused to post bail.

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