Push Admin

Businessman Cedric Lee and ex-Bataan mayor found guilty of malversation

Article (news)

Adrian Ayalin, ABS-CBN News

<p>MANILA — An anti-graft court has found businessman Cedric Lee and former Mariveles, Bataan mayor Angel Peliglorio guilty of malversation of public funds in relation to a public market construction project in 2005.</p><p>Lee and Peliglorio were sentenced by the Sandiganbayan 3rd Division to 12 to 18 years of imprisonment and a penalty of absolute perpetual disqualification from public office, on top of a fine of P23.47 million, which is equal to the funds malversed.</p><p>“After a careful scrutiny of the records and thorough evaluation of the evidence adduced by the parties, this court is convinced, beyond a reasonable doubt, that accused Peliglorio, Jr. and accused Lee committed malversation, punished under Article 217 of the Revised Penal Code,” the court said in the decision penned by Associate Justice Bernelito Fernandez, with the concurrence of Presiding Justice and Chairperson Amparo Cabotaje-Tan ang Associate Justice Ronald Moreno.</p><p>The Office of the Ombudsman filed graft and malversation charges against Lee and Peliglorio in 2015 over the construction of the Mariveles Public Market.</p><p>For the graft case filed by the Ombudsman, Peliglorio authorized the release of P14.056 million to Lee’s Izumo Contractors Inc. as advance payment, while for the malversation case, public funds in the amount of P23.47 million were authorized to be released.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/nation/06/22/15/cedric-lee-ex-mayor-sued-graft">Cedric Lee, ex-mayor sued for graft</a></li>	<li><a href="https://news.abs-cbn.com/business/07/24/15/sandiganbayan-orders-arrest-cedric-lee">Sandiganbayan orders arrest of Cedric Lee</a></li></ul><p>Lee and Peliglorio however were acquitted in their graft cases as the prosecution failed to prove their guilt beyond reasonable doubt.</p><p>But it was clear to the court that Peliglorio permitted the release of P23.47 million from the Landbank of the Philippines, a day after Lee requested for the mobilization of funds of the same amount.</p><p>Lee maintained during trial that the amount he initially received was for the services he already rendered such as the detailed architectural design of the market.</p><p>But the court said nothing in the documents submitted by Lee could prove that his company was entitled to a lump-sum payment.</p><p>“Apart from his self-serving statements, there was no breakdown of the designs and studies he enumerated nor were there any contracts that would prove that he outsourced and paid the other services,” the court said.</p><p>In 2014, Lee got involved in the mauling of actor Vhong Navarro.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/focus/01/29/14/timeline-vhongs-mauling-denieces-condo">TIMELINE: Vhong&#x27;s mauling in Deniece&#x27;s condo</a></li>	<li><a href="https://news.abs-cbn.com/entertainment/multimedia/video/07/27/18/cedric-lee-at-deniece-cornejo-guilty-sa-kasong-grave-coercion">Cedric Lee at Deniece Cornejo, guilty sa kasong grave coercion</a></li></ul><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1428471" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

 An anti-graft court has found businessman Cedric Lee and former Mariveles, Bataan mayor Angel Peliglorio guilty of malversation of public funds in relation to a public market construction project in 2005.

Businessman Cedric Lee and ex-Bataan mayor found guilty of malversation

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Sudoku

Word of the Day

Lotto

Horoscope

News

Businessman Cedric Lee and ex-Bataan mayor found guilty of malversation

Adrian Ayalin,

ABS-CBN News

Published June 10, 2022 04:13 PM PHT

Read More:

Sandiganbayan

court

malversation

Cedric Lee

Angel Peliglorio

Mariveles

Bataan

public market

sentence

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.