Davao Del Norte Rep. Pantaleon Alvarez’s former security aide has accused him of amassing at least P10 billion in the two years he served as House Speaker.
Jefrey Cabigon on Monday (May 6) filed a complaint for plunder and graft against Alvarez before the Office of the Ombudsman-Mindanao for allegedly amassing ill-gotten wealth.
In his complaint, Cabigon said Alvarez earned huge amounts of commissions and kickbacks from government projects when he was Speaker from 2016 to 2018.
Cabigon said one of Alvarez’s money making schemes involved parking funds under the General Appropriations Act in districts of his allies. The commissions from these parked funds were used to buy an estimated P10 billion worth of properties in Palawan, Cebu, Bohol, Compostela Valley, Davao City, Abra, Benguet, Ilocos and other places nationwide.
Among the properties that Alvarez allegedly purchased using the parked funds were: a lot in JP Laurel, Panabo City worth P64 million; 9-hectare property along the coastal road of Panabo City worth P63 million; P500 million worth of properties in the Island Garden City of Samal; 32-hectare property near Crocodile Park and a 100-hectare property in Sta. Cruz, Panabo worth P300 million; a rest house in Diversion Road, Davao City, and a P20-million property in Magdum, Tagum City.
As Alvarez’s former security aide, Cabigon said he also witnessed the former Speaker undertake the following transactions: purchase 2 Hummers from Subic for Php14 million, paid in cash; buy a brand new bullet proof Toyota Land Cruiser, FJ Cruiser and Mercedes Benz G55, all worth Php22 million, and receive gifts from contractors of 10 bullet-proof pickups.
Cabigon claimed he also heard Alvarez and his Chief of Staff, Edwin Ignacio Jubahib, saying that they will earn huge commissions from the construction of the P2.6-billion Tagum Flyover.
The flyover, one of the Alvarez’s pet projects as Speaker, now costs P4 billion.