|
Gonzalo Co It vowed to pursue the estafa case filed in the Parañaque,
Pasay and Manila Regional Trial Courts against 13 directors and
shareholders of Green Cross, Inc., saying he will not stop until the
accused are jailed. Co It is the founder of the company that
preceded Green Cross.
“I shall not stop until they are jailed for
their criminal acts. I shall testify in the estafa case filed
against them by the Department of Justice,” the 86-year-old Co It
added.
Co It also said that he shall give President
Gloria Arroyo money for her anti-poverty projects from the funds
that may be recovered by the Anti-Money Laundering Council from his
brothers and sister, their families, and their “dummy
companies”.
Co It also said that he was deeply hurt and
disappointed because of the “continuous refusal” of his brothers
and sister to return his rightful shares in Green Cross, which he
claimed were “merely entrusted to them.”
The 13 accused are relatives of Co It, founder
of the then Gonzalo Laboratories that manufactured Green Cross
rubbing alcohol and “Zonrox” bleach brands, among others.
In his complaint-affidavit, Co It said that in
1971, he entrusted, by way of implied trust, 50 percent shares of
Gonzalo Laboratories, the predecessor of Green Cross, to his brother
Anthony, Joseph (now deceased), and sister Mary, who, over the
years, allegedly misappropriated it by transferring them to their
respective children.
On August 22, 1989, the corporate name of
Gonzalo Laboratories was amended to Green Cross, Inc. By 1991, Co
It, the company’s supposed chairman, claimed he did not even own a
single company share.
In their counter-affidavits, Co It’s siblings
averred that Co It already sold all his 1,000 shares from the
company.
Green Cross camp hitting back
Green Cross counsel Estelito Mendoza on Friday
said that the motion to inhibit” filed by Co It “is worse than
forum shopping.”
Co It’s lawyers are asking Judge Eugenio de la
Cruz of the Pasay Regional Trial Court to inhibit himself from the
case, and for another judge to rule on their motion for
reconsideration. De la Cruz made a ruling on the motion on April 11.
The judge, in that ruling, granted an earlier
motion to quash filed by Mendoza, and dismissed the case.
|
