San Diego Business Journal
What surprised me last February 2010 is that a report from San Diego Business Journal said that the Philippine-based Iglesia Ni Cristo cult was able to buy a property in El Cajon (around California USA) worth $1,755,000 (over 79,000,000 Philippine pesos). In a time where people are still suffering the effect of global recession and Filipinos are loosing their job, Iglesia Ni Cristo was able to buy a US church facility with the high cost of $1,755,000 (over 79,000,000 Philippine pesos)!!!
Graft rap filed vs Mikey Arroyo
Last September 2009, a graft complaint against Pampanga Representative Juan Miguel "Mikey" Arroyo for failing to declare his P63.7-million property in California in his statement of assets, liabilities and net worth (SALN). Mikey Arroyo is a presidential son and a congressman. We can only imagine how Mikey Arroyo was able to acquire an expensive property in California USA. However, Iglesia Ni Cristo is a "religious" entity and I am not sure how they pay their taxes for all of the properties they own mostly in the Philippines and in some part of the globe.
Some years ago, a Philippine local publication reported that the Iglesia Ni Cristo head is a billionaire preacher (as shown in the picture above). Iglesia Ni Cristo cult owns quite a lot of businesses as reported by PCIJ - Philippine Center For Investigative Journalism.
IGLESIA NI CRISTO: A Most Powerful Union
Over the years, the INC's business interests have grown. A search at the Securities and Exchange Commission showed that INC leaders are incorporators and board directors in companies engaged in education (New Era University Inc.; Global Foundation for the New Era); medical care (New Era General Hospital; Felix Manalo Puericulture and Maternity Clinic), mass media (Scan Society of Communicators; Association of Christians in IT); manufacturing (Hi Mill Corporation); construction (Ramdustrial Corp.); and legal service (Christian Lawyers Association Foundation).
Most Filipinos live in poverty, they lack food. I think it is quite insensitive for Iglesia Ni Cristo "religious" group buying an expensive property while most Filipinos are suffering in poverty. Iglesia Ni Cristo members are attacking the Catholic church for paying millions of dollar to the rape victims of the Catholic priest. I think it is just ok to pay those victims for their much deserved compensation which the INC members cannot understand. What we cannot accept is the insensitivity of the INC cult buying expensive property in the USA while most of the Filipinos are worrying on how to put food on their plates in a daily basis here in the Philippines.
Iglesia ni Cristo buying a costly US property while Filipino people suffers in hunger is much worse when GMA and her allies ate fine dining in an expensive Le Cirque restaurant amounting to $20,000 in New York USA.
Thank You, New York Post: The Le Cirque Critique
While Filipinos are still recovering and rebuilding their homes destroyed by Ondoy(Ketsana) Typhoon, while Filipinos are struggling in putting food on their plate in a daily basis, Iglesia Ni Cristo is adding costly properties in overseas to add in their swelling church wealth. Overseas properties are investment. Sadly, Iglesia Ni Cristo shows no sign of stopping in investing money on properties all around the world. Poor Filipinos. Rich Iglesia Ni Cristo.