MANILA, Philippines – Legitimate. That’s how Janet Lim-Napoles, in various interviews, has described her family’s wealth, the subject of scrutiny after she was tagged the alleged mastermind of the pork barrel scam.
She has cited inheritance from her parents and a profitable coal mining business among other income sources to explain the lavish lifestyle and huge properties that her family has displayed in recent years.
Rappler’s investigation found the Napoleses owning properties in the United States, worth a combined P495.1 million.
In the Philippines, they are known to reside in houses and condomiums in at least 7 posh locations. The National Bureau of Investigation has also released a list of 30 high-end vehicles registered under the Napoleses.
If we go by the official filings of her registered businesses, however, Napoles doesn’t have the means to acquire and maintain any of these.
The net profits they last reported (for 2011 and 2012) to the Securities and Exchange Commission (SEC) totaled less than P1 million – P577,807.47 to be exact.
Losing, earning companies
Rappler checked with the SEC businesses registered under the names of Napoles family members.
We found a total of 24 companies incorporated by one or all of the following: spouses Janet Lim-Napoles and Jaime Napoles, and their children Jo-Christine and James Christopher.
12 of these are still operational, at least on paper, and only 3 have complied with the SEC requirement of filing annual Financial Statements (FS):
- RLG Solutions Corp, formed on Feb 15, 2012, and deals with “security systems and IT”
- JCLN Global Properties Dev’t Corp, formed on June 3, 2005, and which is engaged in “real estate”
- JLN Corp formed on April 27, 1999, and which deals with “marine supplies and equipment”
In its FS for 2012, RLG Solutions declared zero revenue and losses of P383,340.94.
JCLN Global Properties’ last FS was for 2012, when it declared a gross income of P4.3 million and a net income of P544,699.30.
From 2006 to 2012, it declared annual net incomes of between P69,839.99 and P544,699.30.
On the other hand, JLN Corp last filed an FS for 2011, where it declared a gross income of P4.03 million and net income of P33,108.17.
From 2004 to 2011, JLN Corp – supposedly the flagship company of the Napoleses – declared annual net incomes of between P21,085.82 and P100,395.48.
It is during these years when the Napoles family purchased expensive properties in California. They bought 3 properties worth P415.1 million between 2006 to 2007, and acquired an apartment worth P80 million sometime in 2010.
The 24 companies were formed over the last 16 years – from 1997 to as recent as June and July 2013. They are into restaurants, retail, advertising and public relations, printing, tours and travels, among others.
Among these companies, Wingold International Trading Corp was the first to be established in 1997, while Socal Holdings was the latest to be formed only in July 2013.
See the complete list, dates of incorporation, and incorporators in the table below. Company names highlighted in dark gray are those that have since been inactive or have stopped operations, based on SEC documents.
|Company||Nature of Business||Address||Incorporators||Incorporation Date|
|Socal Holdings Inc.||financial holdings||Unit 402 L.V. Locsin Bldg. Ayala Ave cor. Makati Ave. Makati City||Medardo Sanez, Wendell Cunanan, Gian Paolo Carlo Herrera, Patricia Kristina Grandidge, James Christopher Napoles||07/09/13|
|Sur Mine Corp.||mine and quarry operations||1505 Megaplaza, ADB Ave. cor. Garnet Road, Ortigas Center, Pasig City||Fernando Borja, Prospero Pichay Jr., Peter Lim, Jaime Napoles, Glendon Lim||06/20/13|
|Solutions Strategies Asia, Inc.||consultancy services to business ventures||2501 Discovery Center, 25 ADB Ave. Ortigas Center, Pasig City||Jaime Napoles, Eduardo Ma. Santos, Anthony Dequina, Filemon Agustin, Man Hwan Park||12/17/12|
|The Lead PR Inc.||public relations||Unit 2504 Discovery Center, 25 ADB Ave. Ortigas, Pasig City||James Christopher Napoles, Jo-Christine Napoles, Ma. Elena Roa Nunez, Raymond Gutierrez, Vittorio Jesus Ortega||04/03/12|
|Hashlab Inc.||advertising||Unit 2504 Discovery Center, 25 ADB Ave. Ortigas, Pasig City||James Christopher Napoles, Jo-Christine Napoles, Andrew John Nino Garcia, Vittorio Jesus Ortega, Fernando Martin Marcos Manotoc||03/19/12|
|RLG Solutions Corp.||security systems, IT||2502 Discovery Center, 25 ADB Ave. Ortigas Center, Pasig City||Reynaldo Lim, Lester Gastala, Jo-Christine Napoles, Jaime Napoles, Ronald Lim Jr.||02/15/12|
|D Urban Retail Concepts Inc.||wholesale||Unit 402 L.V. Locsin Bldg. Ayala Ave cor. Makati Ave. Makati City||Medardo Sanez, Wendell Cunanan, Gian Paolo Herrera, James Christopher Napoles, Jo-Christine Napoles, Luis Ang Jr.||11/16/11|
|Pentagon Parking Management Solutions Intl Corp.||parking areas||2505 Discovery Center, 25 ADB Aven. Ortigas, Pasig City||Reynald Lim, Erdie Dequina, James Christopher Napoles, Eduardo Ma. Santos, Marciano Delson||11/11/11|
|Asia Star Power Resources Corp.||coal import/export||25 Floor Discovery Center, Ortigas Center, Pasig City||Jaime Napoles, Hermogenes Esperon, Efren Abu, Ricardo Brillantes, Rodolfo Alvarado, Jo Christine Napoles, James Christopher Napoles, William Lim, Marciano Delson||04/08/11|
|PB&J Corp.||wholesale and trade||Mezzanine Cavite Coliseum, Aguinaldo Highway, Bacoor, Cavite||Leonard Bryan Bautista, James Christopher Napoles, Philip Cambe, Darwin Chester Cruz, Ronald Lim Jr.||01/01/11|
|Asia Prime Energy Development and Supply Corp.||power-related equipments||2501 Discovery Center, 25 ADB Ave. Ortigas Center, Pasig City||Jaime Napoles, Marciano Delson, Annabelle Luy, Johnny Ong, Clifford Batnag||08/26/10|
|JLN Construction and Development Corp.||general construction||25 Floors, Discovery Center, 25 ADB Ave. Ortigas Center, Pasig City||Janet Napoles, Marciano Delson, Andres Atan, Vanessa Eman, Federico Egera||12/20/08|
|Jimmy’s Bar, Grill and Restaurant Corp.||restaurant/cafe||#83 Timog Avenue, Quezon City||Jaime Napoles, Anthony Dequina, Manuel Jarmin, Rosita Co, Nova Kay Batal||06/24/08|
|Gintong Aral Publishing House Inc.||publishing and printing||2502 Discovery Center, 25 ADB Ave. Ortigas, Pasig City||James Christopher Napoles, Anthony Dequina, Annie Tan, Annabelle Luy, Rowena Dulay||04/08/08|
|Riserva ’08 Food Corp.||restaurant/cafe||#30 Sgt. Esguerra Ave. South Triangle, Quezon City||Janet Napoles, Ma. Cherel Ramirez, Fe Dixon, Manuel Jarnin, Cheryll dela Rosa Lim||08/30/07|
|JCLN Global Properties Devt. Corp.||real estate||G6 Dakota Residences, 555 Gen. Malvar cor. M. Adriatico, Malate, Manila||James Christopher Napoles, Genevieve Uy, Annie Uy Tan, Deborah Singson, Reynald Lim||06/03/05|
|Vitto-Maffi Corp.||retail||639 CRM Avenue, Goodyear Subdivision, Almansa, Las Pinas City||James Christopher Napoles, Jose Tinio III, Adrian Angelo Jorolan, Jay Paolo Adevoso, Nathaniel Tan||10/12/04|
|Multimediatarps Tech. Inc.||digital large format printing||Blk23 Lot1 R. Magsaysay St cor. J delos Reyes St. AFPOVAI Phase 2, Western Bicutan, Taguig||Jo-Christine Napoles, John Ferdinand Reyes, Analiese Joy Santos, Manuel Limchu, Reynald Lim||03/03/04|
|Jo-Chris Communications Inc.||communication supplies and equipments||2502 Discovery Center, 25 ADB Ave. Ortigas Center, Pasig City||Janet Napoles, Jo-Christine Napoles, James Christopher Napoles, Magdalena Lim, Gertrudes Luy||01/15/03|
|JC World Travel Agency Inc.||tours and travel agency||2502 Discovery Center, 25 ADB Ave. Ortigas Center, Pasig City||Mia Legacion, Magdalena Lim, Reynald Lim, Gertrudes Luy, Janet Napoles||03/01/01|
|JLN Corp.||marine supplies and equipments||Suite 505 Dona Generosa Bldg. 282 EDSA Extension, Pasay City||Magdalena Lim, Annabelle Luy, Nathaniel Tan, Gertrudes Luy, Janet Napoles||04/27/99|
|Kates Marine Contractors Inc.||ship repair and maintenance||Suite 505 Dona Generosa Bldg. 282 EDSA Extension, Pasay City||Magdalena Lim, Annabelle Luy, Gertrudes Luy, Janet Napoles, Nathaniel Tan||02/26/99|
|Lucky 4J Lending Corp.||lending business||Suite 505 Dona Generosa Bldg. 282 EDSA Extension, Pasay City||Janet Napoles, Magdalena Lim, Mia Legacion, Belen de Leon, Gertrudes Luy||08/24/98|
|Wingold International Trading Corp.||retail||43 Magallanes Ave. Magallanes Village, Makati City||Sarah Gonsales, Oriyo Seyler. Ma. Naura Gonzales, Jaime Napoles, Augusto Go, Elizabeth Go, Filemon Agustin||03/10/97|
In 2006 and 2012, the Napoleses submitted to the SEC an Affidavit of Nonoperation (ANON) for 10 companies, stating that no business activity was conducted by these companies since they were incorporated.
Also, the SEC revoked the registration of two: Lucky 4J Lending Corp and Wingold International Trading Corp.
No financial statements
The rest of the supposedly active companies never filed an FS since they were registered.
People who have worked for, or dealt with, Napoles over the years say she started as a vendor, selling food and school supplies on a pedicab in Laguna in the 1990s, before she became a “struggling supplier” in the military.
Based on Rappler’s interviews with sources, as well as other news reports, the improvement in the Napoleses’ lifestyle became very evident – drastic, some described it – around 2003.
Napoles explained this was made possible by their coal mining business in Indonesia.
Among the registered businesses in the Philippines, only two have something to do with mining and coal trading, but there is no way they could have made the family wealthy.
Asia Star Power Resources Corp, which is engaged in “coal import/export,” was formed on April 8, 2011 but was one of the companies that filed an Affidavit of Nonoperation with SEC in 2012.
The other company, which should be directly engaged in “mine and quarry operations” – Sur Mine Corp – was formed less than two months ago, on June 20, 2013. This is the company where former Surigao del Sur congressman and House defense committee chair Prospero Pichay is a co-owner.
Some of the companies registered over the last 16 years share the same incorporators:
- Magdalena Lim (Janet’s mother) – 5 companies
- Gertrudes Luy (former nanny of Jeane Napoles; mother of whistle blower Benhur Luy) – 5 companies
- Jo-Christine Napoles (Janet’s daughter) – 3 companies
- Annabelle Luy (Gertrudes Luy’s daughter) – 3 companies
- James Christopher Napoles (Janet’s son) – 2 companies
- Marciano G. Delson (Prefect of Student Affairs, San Beda College of Law) – 3 companies
- Nathaniel L. Tan (Sta. Ignacia, Tarlac councilor) – 3 companies
- Anthony P. Dequina (former Cotabato representative) – 2 companies
- Mia Legacion – 2 companies
A number of the companies have the same offices:
- 11 companies are registered at the 25th floor of Discovery Suite building in Ortigas, Pasig City
- 3 companies are registered at Suite 505 of Dona Generosa building in Pasay City
- 2 companies are registered at Unit 402 of L.V. Locsin building in Makati City.