AIM High, sell low, someone's driving in a hotter than hot yellow Mucielago...

**hens** · October 3rd, 2004 09:33 AM

Originally posted by Ungas
Di kaya yan yug yellow Lambo na galing sa Six Speed na nakita namin ni hens? At yung i-dinisplay sa launch ng isang local magazine na may kuha pa si mbt?

pre, siya na nga!!!. (tiga-Batangas at may-ari ng BLTB).

**pink_cadillac** · October 3rd, 2004 10:35 AM

Appears to be the shades of faded wealth and ambitious glitters.

**odell** · October 3rd, 2004 11:30 AM

hens,
siya ba un nanlibre sa atin un may ari mismo ng BLTB?

**theveed** · October 6th, 2004 01:53 PM

Yun nga, sa may ari ng six speeds, namention sa inq7... lakas din ng loob to display it no?

**pink_cadillac** · October 6th, 2004 09:58 PM

What's six speeds?

**Monseratto** · October 7th, 2004 12:36 AM

Metrobank to the rescue
Posted: 4:13 PM | Oct. 03, 2004

Victor Agustin
Inquirer News Service

METROBANK has stepped in to bail its director Felipe Alfonso out of the P32.5-million scam perpetrated on him by a car salesman.

According to the grapevine, no less than Metrobank president Antonio Abacan has called the various parties to a meeting this afternoon in an effort to settle the competing claims amicably.

Alfonso, the chair of the bank's risk management committee, is facing estafa complaints from a car dealer who received bad personal checks as payment for a Lamborghini Murcielago, a BMW 645 Ci, and a BMW X3.

To those who may have failed to read Friday's column, Alfonso, a former president of the Asian Institute of Management, admitted to issuing four pre-signed blank checks to Anthony Bitanga, owner of the Six Speed car accessories shop in The Fort, to cover for alleged court-related expenses in Batangas.

As it turned out, the Batangas court problem of Alfonso had just been a scheme perpetrated by Bitanga, who instead used the checks to acquire the brand-new luxury vehicles from another dealer.

The first of the four checks, for P4 million, cleared and went to pay for the X3 sports utility vehicle. But the rest bounced, but not after Bitanga had already taken possession of the two other more expensive cars and subsequently resold or mortgaged them.

After his name appeared in this column Friday, financier JP Lomotan called up to clarify that he was merely trying to mediate among the parties involved as he knew both buyer and seller as well as the middleman.

Lomotan said he does not know the whereabouts now of either Bitanga or the Murcielago, but hinted that the sports coupe, which Bitanga was trying to dispose of for P20 million--as against the manufacturer suggested retail price of $281,400--had been pawned to a third party for only P7 million.

The missing yellow Murcielago had for some time been displayed in front of the Six Speed car accessories shop, right past the Mercedes Benz dealership, in The Fort.

Not only did it attract the attention of passing motorists, but also that of motoring magazines Top Car and C!, which both featured the Italian muscle car, apparently the only Murcielago in the country today, in their October issues.

(Correction: AIM, not Alfonso, was a Ramon Magsaysay awardee in 1995 when Alfonso received the award in his school's behalf.)

**pink_cadillac** · October 7th, 2004 01:18 AM

Anthony Bitanga owning the outfit in the Fort is the brother of an Atenean I know.

Tis a shame.

**pink_cadillac** · October 7th, 2004 01:40 AM

It may well be a business deal gone bad. I speculate it was incredibly optimistic of Bitanga to use the money to make a quick buck off the vehicles.

When the deal/s he expected didn't push through he resorted to cash out as fast as he can, being in hiding now, it is assumed that he's guilty.

At this point at most Alfonso will go under the toothless BP22.

**Walter** · October 7th, 2004 08:58 AM

Still, it's pretty silly for a high ranking officer assigned to risk management of a reputable(?) bank. Agree with pink_cadillac, it's a business deal gone bad and it does not leave a good taste in the mouth for Metrobank.