It’s like a train wreck you just can’t look away from, even if it’s unsightly. Netizens can’t get enough of this social media saga.

Following last week’s audio leak of a phone conversation between Kris Aquino and Nicko Falcis, where the multimedia celebrity was heard threatening her erstwhile business manager, Aquino’s lawyer, Eloi Sy, clarified with Lifestyle that the major issue is, where the P40 million has really been invested. (See story in Lifestyle, 01/13/19.)

Sy said there was no trust agreement or legal papers signed between Aquino and Falcis, when the former handed over the P40-million investment fund to Falcis.

“It was the Thais who are saying that they have the investment in trust for KCA (Aquino). All we have are photocopies of the checks showing receipt by Nicko.”

Sy added, “And if it’s true that money was invested in that Thai corporation”—referring to Rocks PC Co. Ltd. (Potato Corner Thailand)—“and these people who are allegedly partners of Nicko acknowledged that, in their corporate records, the shares are listed under KCA’s name, why is it so hard for Nicko to make an accounting, or to send us the papers proving that money is intact and that it is invested in that Thai corporation?”

Referring to the text message sent by the Thai businessmen to Aquino in October, validating her claim to the P40 million, Sy said, “Why are the Thais talking for Nicko?”

Sy said they have yet to file a case for the recovery of the P40 million because there were offers made by Falcis’ side “which we all explored and worked with them in the hope of finding a peaceful resolution for the cases.”

However, Sy claimed Falcis’ camp has yet to keep its end of the bargain. “Every time we asked for some financial papers to aid our due diligence, they would not respond to us.”

The saga continues.