Bizman files case against wife of firm's stockholder

CEBU, Philippines – A Mandaue City-based businessman filed a perjury case against the surviving spouse of a minority stockholder of his company for allegedly transferring into her name the ownership of company-owned properties without the company’s knowledge.

In a three-page affidavit, Kerwin Lim, vice president of Glory Commercial Company, Incorporated, alleged that a certain Maria Paz Lim has filed before the court a petition to declare as null and void the owner’s duplicate of the Transfer Certificate of Titles of lot 7496-A with TCT No. T-36776 and lot 7497 with TCT No. T-36775 because the original copies were reportedly lost or destroyed.

Indeed, in April last year, the Regional Trial Court issued an order declaring the original copies as null and void.

“I was greatly shocked and surprised to know that the original owner’s copy had been declared null and void by virtue of a court order dated April 15, 2008 issued by Judge Douglas Marigomen, presiding judge of RTC Branch 5,” Lim said.

It was only later when he reportedly found out that Maria Paz was the one who filed the petition in court.

“The corporation owns the said properties and we were so surprised to learn that the corporation is no longer the owner of the property,” Lim said further in an interview.

Lim said the allegation of Maria Paz that the original copies of the TCTs were lost or destroyed is “patently false, fraudulent and perjurious” because the original owner’s copy “were never lost or destroyed but were all the time, in the possession of the corporation since the time the properties were purchased up to the present.”

Lim said the corporation is the registered owner of the two properties with an area of 656 square meters and 315 square meters, respectively, based on cadastral survey by the Registry of Deeds of Cebu City. The two lots were issued with serial numbers 1075309 and 1075309, respectively.

Lim said that the affidavit of loss that Maria Paz executed to make it appear that the original owner’s copy was lost deceived the company, its stockholders, and the public in general. – Mitchelle L. Palaubsanon/JMO (THE FREEMAN)