The case stemmed from the lease of a lot where the historic Army and Navy Club building was built. The lot, owned by the City Government of Manila, was leased by Vanderwood Management Corporation (VMC) to Pagcor under then chairman and chief executive officer Celestino Naguiat. The VACC said Pagcor paid VMC P234 million for a year’s rental, a deal which was disallowed by the Commission on Audit. VACC chairman Dante Jimenez said VMC could not lease the property because it belongs to the city government of Manila. In the amended complaint, two more respondents were added — former Government Corporate counsel Raoul Creencia and chairman of Technical Working Group Jose Cristopher Manalo 4th.

Source: Manila Times November 14, 2016 17:14 UTC