Anti-crime advocates on Friday filed with the Department of Justice (DOJ) a complaint against Chinese businessman Jack Lam, who President Rodrigo Duterte wanted arrested for allegedly running online gambling operations.
The Volunteers Against Crime and Corruption (VACC) accused Lam and four other people of circumventing the 40 percent foreign ownership requirement for businesses in the Philippines in relation to his interest in Fort Ilocandia Resort Hotel in Laoag City, where he runs a casino that was recently shuttered by the government.
The complaint said Lam violated Section 2-A of Commonwealth Act 108 or the Anti-Dummy Law.
Also named as respondents are Rosanno Nisce (former president of Fort Ilocandia), Siu Wah Chung (a British national and former chairman of the Board of Directors), Edgar Lim (former treasurer and director of Fort Ilocandia), and Jose Roberto Mumuric (former secretary and director of Fort Ilocandia).
"Through corporate layering, Fort Ilocandia, through its dummy companies, and its directors and officers, are able to exercise, enjoy, use and exploit real property, contrary to law," the complaint stated.
According to VACC, Fort Ilocandia's stockholdings consist of Ilocandia Holdings Corporation (59 percent), IGL (39 percent), less than 1 percent share (Lam Yin Lok or Jack Lam).
Ilocandia Holdings Corporation's stockholdings, meanwhile, consist of Sevenseas Holdings (59 percent) and Corpsmart Ltd. (39 percent).
"The corporate structure of the above corporations, despite being seemingly compliant with the Philippine laws, warrants a deeper investigation as to their real foreign equities and those of their subsidiaries and/or affiliates," the complaint read.
"It is common knowledge among business owners, especially in the field of entertainment and gaming, that it is Lam Yin Lok a.k.a. Jack Lam who is personally running and managing these corporations contrary to the Anti-Dummy Law," it added.
Lam also owns Fontana Leisure Parks and Casino in Clark, Pampanga where 1,316 Chinese nationals illegally working for his online gambling business were apprehended by Bureau of Immigration operatives on November 24.
He has been accused of bribing Immigration officials in exchange for the release of the detained Chinese, an allegation his camp denied.
Lam had left the country on November 29, four days before Duterte ordered him arrested over allegations of bribery and economic sabotage.
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