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Former VP not off hook in Pag-IBIG fund mess By Angie M. Rosales 11/10/2010

Wednesday, November 10, 2010

Former VP not off hook in Pag-IBIG fund mess

By Angie M. Rosales 11/10/2010

Senate probers suspect a “high-level” cover-up by some Home Development Mutual Fund (Pag-IBIG) Fund officials in the P7-billion housing fund mess involving property developer Globe Asiatique Realty Holdings Corp.

“There’s (a possible) cover-up in this case. It could go up to the highest level. But I would refuse to name names at this time until we get more solid evidence and testimonies,” said Sen. Sergio
Osmeña III.

The lawmaker is not ruling out the possibility that former Vice President Noli de Castro being implicated in the loan mess since the policy was approved by Pag-IBIG Fund’s board of trustees.

De Castro served as the housing czar in the previous administration. The senator, chairman of the Senate committee on banks, financial institutions and currencies, which is handling the probe on the matter, said his panel is set to resume its probe Thursday next week.

“I intend to question the Board of Trustees on why they allowed such a dangerous policy..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20101110hed4.html

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