Century Properties Group co-managing director and board member Robbie Antonio stepped down as his firm Revolution Precrafted Properties is being probed by the National Bureau of Investigation (NBI).

Century Properties told the local bourse its board has accepted Antonio’s resignation, which is effective immediately.

“The Board noted that the reason for his resignation is to allow him to focus on addressing the pressing issues in his own company and its allied businesses,” the firm said.

Antonio is the son of Century Properties founder and chair Jose EB Antonio.

In 2017, Antonio’s Revolution Precrafted, which makes prefabricated homes, reached unicorn status with a valuation of over $1 billion.

Last Thursday, February 18, ABS-CBN reported that the NBI is investigating Antonio for allegedly “duping” businessmen.

Antonio said on Friday, February 19, that Revolution Precrafted was unable to collect receivables due to the coronavirus pandemic. He asked contractors and suppliers for time to resolve issues. – Rappler.com