BIR last March 10, 2011 filed with the Department of Justice (DOJ) a complaint against Retired Lt. General Jacinto Ligot brother-in-law Edgardo Tecson Yambao (Yambao) for six (6) counts of willful attempt to evade or defeat tax and six (6) counts for willful failure to file his Annual Income Tax Return (ITR) for taxable years 1999, and 2001 to 2005.
Yambao, the alleged dummy of General Ligot in the AFP corruption web, failed to file his ITR for taxable years 1999, and 2001 to 2005 despite making several deposits of significant amounts in several banks and acquiring properties of substantial amounts during the same period.
Details of the case revealed Yambao made several transactions: acquired a condominium unit valued at P1.41M in 1999; deposited P14.4M in Citibank, Metrobank and United Overseas Bank and bought a 2001 Toyota Highlander worth P2.8M in 2001; deposited P58.3M in the same banks and purchased a 2002 Subaru Forester worth P1.2M in 2002; deposited P153.5M, bought a 2003 Subaru Forester valued at P1.3M and Essensa East Forbes Condominium worth P25M in 2003; deposited P38.7M in 2004; and deposited P9.3M in 2005.
For the six-year period, Yambao was assessed a deficiency income tax in the aggregate amount of P285,775,710.21.
The case against EDGARDO TECSON YAMBAO is the thirty-third (33rd) filed under the Run After Tax Evaders (RATE) Program of the BIR under the leadership of Commissioner Kim S. Jacinto-Henares.