Cedric Lee's company accused of tax evasion

Posted at Mar 27 2014 12:44 PM | Updated as of Mar 27 2014 10:06 PM

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The Bureau of Internal Revenue filed a P194 million tax evasion complaint against Cedric Lee's company Izumo Contractors. Lee is the businessman involved in the mauling of actor Vhong Navarro.

Included in the complaint are Lee, as president and and CEO of Izumo, the company's chief operating officer John K. Ong, and chief financial officer Judy Gutierrez Lee.

BIR chief Kim Henares said Izumo and its officers willfully attempted to evade taxes by underdeclaring their income from 2006 to 2009.

ANC Dateline Philippines, March 27, 2014