At a press conference in Quezon City on Wednesday, November 5, businessman Antonio 'Tony' Tiu becomes emotional as he claims he was being blackmailed by some personalities from the government if he would not cooperate in the Senate investigation on various allegations against Vice President Jejomar Binay. Tiu also criticized Senator Alan Peter Cayetano for being harsh on him during the Senate inquiry into the controversies. Tiu reiterated he is not a dummy of VP Binay as implied by the Senate blue ribbon subcommittee.(MNS photo)

At a press conference in Quezon City on Wednesday, November 5, businessman Antonio ‘Tony’ Tiu becomes emotional as he claims he was being blackmailed by some personalities from the government if he would not cooperate in the Senate investigation on various allegations against Vice President Jejomar Binay. Tiu also criticized Senator Alan Peter Cayetano for being harsh on him during the Senate inquiry into the controversies. Tiu reiterated he is not a dummy of VP Binay as implied by the Senate blue ribbon subcommittee.(MNS photo)

MANILA  (Mabuhay) – Despite alleged inconsistencies the Securities and Exchange Commission (SEC) found in regulatory filings of Antonio Tiu’s companies, the beleaguered businessman entangled in the Senate probe on the supposed ill-gotten wealth of Vice President Jejomar Binay on Thursday defended his firms as fully compliant when it comes to disclosure requirements of the corporate watchdog.

Tiu noted he is willing to have his companies further investigated to support his claim.

“My companies are compliant in all material respects with the financial reporting standards and requirements of the SEC,” Tiu said.

On Wednesday, SEC chairperson Teresita Herbosa submitted to the Senate Blue Ribbon subcommittee an 11-page report noting AgriNurture Inc. Agrifortuna Inc., Greenergy Holdings Inc., Sunchamp Real Estate Development Corp., and Earthright Inc. were non-compliant with some of the financial reporting required by the regulator.

Following the findings, Herbosa said SEC will require each company to explain the inconsistencies as well as file supporting documents from an Audit Committee Resolution taking up the said findings and the corrective measures to be undertaken.

“We are open to any review and investigation allowed by and done in accordance with law,” Tiu said.

Tiu is the CEO of listed Greenergy Holdings Inc. which owns Sunchamp Real Estate Development Corp.

In turn, real estate developer Sunchamp is focused on developing self-sustaining agri-tourism projects. It currently has real and enforceable rights over approximately 145 hectares of land in Rosario, Batangas – a focus of investigation by the Senate panel in relation of the alleged ill-gotten wealth of the Binay family.

Tiu earlier said he bought roughly 150 hectares of the 350-ha. property from Laureano Gregorio, who owns Agrifortuna, a company in which Binay previously held shares of stock.

The businessman was dragged into the Senate investigation over Binay’s alleged ill-gotten wealth after former Binay ally and Makati Vice Mayor Ernesto Mercado revealed that a sprawling 350-hectare estate in Rosario, Batangas is actually Binay’s property. (MNS)