Money-matters take Zayco-Tan kids back to Court
Two of the surviving children of massacre victims, Filipino-Chinese businessman Francisco "Bobby" Tan and wife Cindy Zayco were back in Court yesterday for the ongoing hearing of the family's estate.
Appearing as witnesses against family patriarch, prominent Filipino-Chinese businesswoman Conchita Tan, The News Today (TNT) learned that the Zayco-Tan children manifested strong objection in Court on Conchita's appointment as administrator of the multi-million family estate.
Partial inventory placed the family wealth at an estimated value of at least P500 million which are mostly in real property assets scattered throughout Iloilo. There is also a "special account" of available cash where current request has been made for a total of P124,000 in monthly allowance. The Zayco-Tan children following the grisly killings of their parents and six year-old sister Katherine in January last year have since been under a specific monthly financial support pending Court litigation on who should have the permanent title as full-time family administrator. All five surviving children and living heirs are with the maternal side of the family in Negros Occidental.
The legal squabble over the family wealth stands alongside the latest Court order that called for the arrest of Tan siblings, Archie and Jan Michael, children of the murdered businessman from a former girlfriend.
The duo was tagged as principal suspects in what remains as the most controversial and celebrated murder in Iloilo.
With the arrest order out, intelligence agents have since scoured Iloilo and elsewhere in the region to verify reported sightings. This, as fears ran high that Archie and Jan Michael have fled the country with the two now in the Bureau of Immigration and Deportation's (BID) "Hold-Order List."
Civilian informants reported to authorities latest sightings of the two that placed them in a secluded beach resort in Southern Iloilo.
TNT learned that a team of government agents were sent to the area to verify the information described as a "solid intelligence report."