Filinvest Group denies link with Filinvest Trust Bank

The Filinvest Group of the Gotianiun family has distanced itself from the Filinvest Trust Bank supposedly misusing the company name and its official business address.

In a regulatory filing, Filinvest Development Corp. (FDC) said it has no relation to the Filinvest Trust Bank which is reportedly claiming to be part of the Filinvest business group in offering banking and financial services internationally.

"FDC, its concerned affiliates and subsidiaries, including FDC’s sole and exclusive banking and financial arm, East West Banking Corporation (EastWest Bank), do not have any relation to, association, or connection with any purported company by the name of 'Filinvest Trust Bank', or the website 'filinvesttrust.com'," the disclosure read.

This comes as FDC said Filinvest Trust Bank has been actively using the official business address of the Filinvest Group along EDSA in Mandaluyong, and falsely showing or claiming to be part of FDC and its concerned affiliates.

As of 11:05 a.m. on Thursday, October 15, the website filinvesttrust.com has been suspended.

FDC, through its subsidiaries, is involved in the mall, theater, and resort hotel operations, banking and financial services, sugar farming and milling, and power generation. Its hospitality projects include the Crimson Resort and Spa in Mactan and Boracay; Crimson Hotel in Filinvest City, Alabang; Quest Hotel and Conference Centers in Cebu and Clark; and Mimosa Golf in Clark.

Its subsidiaries include Filinvest Alabang Inc., Filinvest Land Inc., Chroma Hospitality Inc., Filinvest Hospitality Corporation, Mactan Seascapes Services Inc., East West Banking Corporation, Pacific Sugar Holdings Corporation, FDC Utilities Inc., Filinvest Development Cayman Islands, and Countrywide Water Service Inc., among others.—AOL, GMA News