Ongpin's Alphaland owes P28-M in dues to Aseana City?


Posted at Mar 04 2014 06:13 PM | Updated as of Mar 05 2014 05:19 PM

MANILA, Philippines – Ongpin-led Alphaland has allegedly failed to pay association dues in Aseana City in Parañaque amounting to P28 million since January 2008, the association said.

The Aseana City association, composed of businesses within the 204-hectare business and entertainment district, said Roberto Ongpin got a court order from a Makati court in June 2013, telling the association to let deliveries for his P2-billion marina club project through even if he has not paid his dues.

But despite the court order, the association said the deliveries for the project didn’t come, and Ongpin allegedly continued to refuse to pay the dues.

Ongpin and his partner in the marina club project, construction firm D.M. Wenceslao, are in a dispute after Ongpin mortgaged 10 hectares of his property without his partner’s knowledge.

The Wenceslao group refused to sign loan documents related to the mortgage, which prompted the Ongpin group to cancel its joint venture agreement with the construction firm.

Alphaland legal counsel Rodolfo Ponferrada earlier explained that the mortgage by Alphaland of its 10 hectares in the Bay City does not constitute “a breach of the joint venture as in fact it was expressly allowed by the joint venture agreement until the Wenceslao group is able to secure the relevant BIR tax free ruling.”

Ongpin, meanwhile, has assured shareholders that the proposed marina club project is pushing through.

He has also vowed to take legal action against the Wenceslao group.