Learn the story behind Kris Aquino's battle with former business partner, Nicko Falcis.
Kris Aquino files qualified theft complaint against her unidentified financial abuser in seven cities--Quezon City, San Juan, Makati, Mandaluyong, Manila, Pasig, and Taguig.
According to Kris, her camp tried to settle the issue amicably with her abuser's representatives. However, she said, "In straight forward language--cumare bears sila."
Kris Aquino goes public about her current financial situation on her Facebook page on September 25.
Through an Instagram post, Kris also through shared her sentiments about being deceived by a business partner.
She relayed that she experienced “financial abuse” and “total lack of respect” when she was betrayed in her two business ventures, Nacho Bimby + Potato Corner and Snail White.
Unknown to many, Kris has several business ventures apart from her showbiz-related commitments. She currently owns two Chowking branches in Welcome Rotonda and Ali Mall, Cubao.
Kris also has a Mang Inasal franchise in Anonas.
In 2016, she met Potato Corner president Joe Magsaysay and shared that she looked forward to “growing her investment portfolio” with him. Kris was encouraged to create her own brand, which turned into Nacho Bimby + Potato Corner.
Her most recent venture is Snail White which she launched from Bangkok, Thailand this September. However, she reported that it is also suffering due to her yet-unnamed business partner's scheme.
Aside from food businesses, Kris also put up her own production company called Kris Cojuangco Aquino Productions or KCAP. So far, it has produced several content for web, mostly connected to her endorsements. But Kris clarified that KCAP was spared from the financial abuse she experienced.
Kris said the "financial abuse" has taken a toll on her physical and emotional well being. "The stress, inability to eat & sleep properly caused my weight to drop to under 54 kilos," she mentioned.
In a press statement, Kris related that her trip to Singapore to receive medical assessment for tumors. Thankfully, she said all her test results for tumor markers were negative.
Currently, Kris is under the legal assistance of former solicitor general Atty. Florence Hilbay in finding the best legal options for Kris's financial anomalies. Kris expressed thanks for her fans' patience and assured them she will be back once her condition improves further.
Jesus Falcis broke his silence on behalf of his brother, Nicardo "Nicko" Falcis II.
"My brother, Nicardo Falcis II, did not commit 44 counts of qualified theft under Article 310, in relation to Articles 308 and 309, of the Revised Penal Code whether for 1.2 million pesos or any amount."
Kris Aquino went to Mandaluyong City Prosecutor's office to meet with Senior Assistant Prosecutor Lourdes Javelosa-Indunan to reaffirm the qualified theft raps.
On December 2018, Kris disclosed that her endorsements may be at risk due to her illness. She said, "It's an unfair world when an 11 year old feels he needs to be the protector & guardian of secrets for his mama... someone no longer in our lives had told bimb that if our endorsements knew the extent of his mama's health worries, she'd lose her contracts."
On January 2019, Kris admitted that she was ailing from a "form of lupus." Kris also revealed that she was allergic to medications that are used to manage the illness.
Nicko Falcis released a statement to clear his name. He said, "I would like to emphasize that her allegations against me are false and without basis. The cases she filed against me are but a part of her scheme to coerce me into involuntarily submitting to her will and complying with her unreasonable demands, including that I and members of my family execute the documents she intended for our signatures. In the process, because I have not complied with her demands, she threatened to kill me if I return to the Philippines, destroyed my good name and reputation, and caused me and my family great hardship."
Kris responded to a netizen's comment on Gretchen's post.