SUMMARY
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Sen Manuel “Manny” B. Villar Jr. and San Juan Rep Joseph Victor “JV” G. Ejercito own secret offshore corporations in the British Virgin Islands (BVI), a privacy and tax haven where a global elite of wealthy people like to keep their money away from the prying eyes of the authorities. Villar is the beneficial owner of a BVI international business corporation called Awesome Dragon Holdings Limited. It was incorporated in the BVI on July 26, 2007 while he was president of the Senate. Ejercito is a director of a BVI company called Ice Bell Properties Limited formed on July 8, 1999, when his father was still president. In 2001, Ejercito became mayor of San Juan City, and in 2007, a freshman congressman from his father’s political bailiwick.
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