DoJ orders filing of criminal, graft charges against Pichay, et. al
By Benjamin B. Pulta 01/26/2012Filing of criminal and graft charges has been ordered by the Department of Justice (DoJ) against former Surigao del Sur Rep. and chairman of Local Water Utilities Administration (LWUA) in connection with the alleged anomalous purchase three years ago of a cash-strapped bank using state funds.
In a 20-page resolution approved by Prosecutor-General Claro Arellano the DoJ ruled that aside from violations of the provisions of the Anti-Graft and Corrupt Practices Act, likewise recommended was the filing of malversation of public funds and violation of banking laws, rules and regulations against Pichay for his actions in taking over Express Savings Bank Inc. (ESBI) in 2009 which resulted in government losses amounting to P480 million.
Acting LWUA Administrator Daniel Landingin was also included in the charges of the DoJ which also cleared LWUA board members Renato Velasco, Susana Dumlao Vargas, Bonifacio Mario Pea Sr..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/metro/20120126met1.html
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