Luis Manzano tagged in alleged scam; denies role in managing business

Actor-host Luis Manzano is facing a complaint before the National Bureau of Investigation in connection with an alleged investment scam.

According to John Consulta's report on "24 Oras", Jinky Sta. Isabel and other investors filed the complaint in a bid to recover millions of pesos in investments.

She said it was Manzano's pitch that convinced her to invest in Flex Fuel. He's allegedly the chairman and one of the owners.

"'Ako ito. Luis Manzano ito.' Kaya agad-agad akong nag deposit," Sta. Isabel said.

"Siyempre, hindi ka magda-doubt sa kanya. Siyempre, Luis Manzano, artista," she added.

Sta. Isabel said the company had been allowed by the Securities and Exchange Commission to sell products, not solicit investments.

In a statement, Manzano said, "I never took part in the management of the business."

He also reportedly lost millions of pesos.

Manzano's camp said that he filed a complaint against his friend and company CEO Ildefonso Medel Jr. in November 2022 after investors approached him to recover their money. —Sherylin Untalan/NB, GMA Integrated News