Beauty line CEO Glenda Dela Cruz had denied that she was involved in a dubious fuel company amid the accusations that she was also part of the controversial Flex Fuel Company.
In a Facebook post, Dela Cruz clarified that she was an investor of IFuel company and not Flex Fuel Company, which is currently facing lawsuits from its investors.
According to Dela Cruz, her company was not selling any shares to investors and was managed by a legitimate businesswoman.
“Huwag niyo po akong idikit sa kahit anong INVESTMENT SCAM dahil malinis po ang record ko. NEVER po akong nagpa-invest at nangako ng kahit anong kapalit. Kahit sa BRAND ko o SARILI kong mga NEGOSYO, HINDI po ako nagbebenta ng SHARES,” said Glenda.
She also cited some accusations posted by netizens that iFuel and Flex Fuel are the same company.
“Nakakatakot yung mga ganitong group na gumagawa ng mga kwentong hindi naman totoo. Naiintindihan ko kung kayo ay biktima ng scam pero sana mag-research muna kayong mabuti at huwag mandamay,” she said.
It can be recalled that Flex Fuel allegedly amassed millions of pesos from its investors by offering a high-interest rate to them.
Actor Luis Manzano almost faced charges because of being an endorser of the company.