Bienvenido R. Medrano was the Vice-Chairman of Ibaan Rural Bank, a bank owned by the Medrano family. In 1986, Mr. Medrano asked Mrs. Estela Flor, a cousin-in-law, to look for a buyer of a foreclosed asset of the bank,[3] a 17-hectare mango plantation priced at P2,200,000.00, located in Ibaan, Batangas.[4]
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