11/09/2026
Kim Chiu's sister faces 124 counts of qualified theft over P44.4 million corporate funds
MANILA, Philippines — The older sister of Filipino actress and television host Kim Chiu is facing 124 counts of qualified theft over alleged unauthorized withdrawals and transfers totaling about 44.4 million pesos ($775,000) from a company owned by the siblings, prosecutors and local media reported.
Lakambini "Lakam" Chiu is accused of taking and using corporate funds belonging to House of Little Bunny Philippines Inc. (HOLB), a fashion company established by the sisters.
The Quezon City Office of the City Prosecutor found sufficient basis to pursue the criminal complaints after reviewing statements, bank records and other evidence submitted in connection with Kim Chiu's complaint.
A 21-page resolution dated September 1 said the disputed transactions involved 124 separate withdrawals and online transfers. Criminal informations against Lakam had been filed on July 15, according to the resolution.
The prosecutor said the transactions involved a total of 44,396,331.65 pesos in corporate funds.
According to the resolution, Kim discovered unusually large withdrawals from the company's bank accounts in May and June 2025. Among the transactions she questioned were online transfers totaling about 1.8 million pesos between June 10 and 16 that year.
Kim had entrusted her older sister with responsibilities in the business because of her demanding career as an actress and television personality, according to the prosecutor's account of her complaint.
HOLB was formally incorporated in January 2023. Kim was identified as its president and majority shareholder, while Lakam was initially described by Kim as having responsibility for financial and operational matters.
The sisters maintained joint bank accounts used for the company's business transactions, including operational expenses and the deposit of sales revenues.
Prosecutors said Lakam's access to the accounts was based on the trust placed in her and that she was therefore expected to use the funds only for legitimate corporate purposes.
The prosecutor alleged that some of the disputed withdrawals were instead used for casino-related activities and other personal business ventures unrelated to HOLB.
"The evidence on record establishes that respondent Lakambini unlawfully took and appropriated corporate funds," the resolution said, according to reports by Philippine media.
The prosecutor also said there was no Board Resolution, Secretary's Certificate or other corporate authorization showing that Lakam had been permitted to use the company's money for personal benefit or investment activities.
Lakam denies wrongdoing
Lakam has denied the qualified theft allegations.
In her statement cited in the prosecutor's resolution, she disputed Kim's description of her position in the company, saying she was its corporate secretary rather than its treasurer and general manager.
She also challenged the characterization of the withdrawals as unauthorized.
Lakam said the bank accounts were jointly held and claimed that she and Kim had agreed that funds could also be used for other business ventures. She further denied that money spent through a casino-related venture represented gambling expenses, saying the activity was intended to generate returns for the company.
The prosecutor rejected the defense at the preliminary stage, finding sufficient evidence to support the qualified theft charges.
Under Philippine law, qualified theft involves the unlawful taking of property without violence or intimidation and may be aggravated by grave abuse of confidence. Prosecutors said Lakam's access to HOLB's funds and her relationship with Kim placed her in a position of trust.
The case will now proceed through the judicial process, where Lakam will have the opportunity to present evidence and challenge the allegations.
Accountant's complaint dismissed
The prosecutor separately dismissed the qualified theft complaint against Kim's personal accountant, Helena Tayag.
The resolution reportedly found insufficient evidence connecting Tayag to the alleged misuse of HOLB's funds or establishing that she had conspired with Lakam.
The prosecutor said suspicion or association was insufficient to establish criminal conspiracy and that such an allegation must be supported by positive evidence.
The dispute marks a dramatic legal conflict between the Chiu sisters, whose business relationship developed alongside Kim's entertainment career.
House of Little Bunny, known as HOLB, was launched as a handbag and fashion business in 2022, with the company later formally incorporated as House of Little Bunny Philippines Inc.
The allegations remain allegations unless and until established in court. Lakam is presumed innocent unless proven guilty.