Pag-IBIG execs liable for Globe Asiatique’s billion-peso scams
By Angie M. Rosales 12/16/2010Senate probers hinted at possible liability of top officials of Home Mutual Development Fund (Pag-IBIG) in the multibillion-peso housing mess with Globe Asiatique Realty Corp.
Sen. Sergio Osmeña III, chairman of the committee on banks, financial institutions and currencies, said axe will likely fall on the board of trustees of Pag-IBIG at the time of the supposed transaction and former Vice President Noli de Castro will not be spared, if proven that he was at the helm of the project then.
As the panel wrapped up its inquiry into the case and take up remaining matters in a series of technical working group (TWG) before the committee prepares its report, Osmeña said those to be held accountable are those “at the policy and operational level” of Pag-IBIG.
“At the policy level, the board of trustees (will likely be held responsible) because they opened a new lending window for GA and this information was held from the other interested parties..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/nation/20101216nat3.html
0 comments
Post a Comment